USDCHF Long Term Short

18 thg 3, 2020

The USD/CHF is still in an uptrend and has just pushed above the 50 ema on the daily chart. This market is heading up to a level that has been tested and reacted to multiple times by the USD/CHF. Because of that, I think this could be an area that this market uses for an area of resistance and because of that, I will be looking in this area over the next couple of weeks for possible short opportunities out of this market.

Resistance Area (Red Zone) = 0.98190-0.98600