USDCHF: Possible Sell Opportunity
The price is not far from a resistance zone formed by SMA100 and 0.98500 resistance level. You can see how the price bounced from this level in the past. It was the support for the market.
This week, we should be ready to see a reversal from this zone with a further downward movement. It will give us a possible sell opportunity.
MACD is going to support sellers. RSI will be able to confirm the price reversal not far from the overbought zone.
Add this market to your watchlist and wait for exact sell signals from the daily and low timeframes.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
This week, we should be ready to see a reversal from this zone with a further downward movement. It will give us a possible sell opportunity.
MACD is going to support sellers. RSI will be able to confirm the price reversal not far from the overbought zone.
Add this market to your watchlist and wait for exact sell signals from the daily and low timeframes.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
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