UnknownUnicorn2396129

USD/CHF SELL OPPORTUNITY

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OANDA:USDCHF   Đô la Mỹ / Franc Thụy Sỹ
As we can see here on the USD/CHF chart that this pair has been trending in a significant steep down trend. This pair has been creating constant lower and lower lows. The market was in a downward tunnel and then broke down to new lower low areas, once this break happened it came to create a new support trend line, to then move back into the tunnel for the last time, before breaking down for the second time before breaking down and testing the newly made support trend line, market then created new confirmation of structure and moved back to the upside to test the original broken tunnels support as a new resistance level. This level it has reached is also a strong reversal area, and price has just tested that area 2 times to create a miniature double top. Strong signs of a change in momentum are being shown to move back to the downside areas. Due to this type of pattern with more confirmation of structure we are looking to take a strong sell for market to move in our favour to the downside.
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