USDCHF | Approaching to Key Level
USDCHF is trading in a range on daily time frame and approaching to it overhead resistance. This resistance is not broken from April of last year.
Two senarios to look here.
a) Bullish: The price action will take a stop a bit at resistance zone and then starts its upward journey again. The upside looks good if it manages to break the resistance.
b) Bearish: The price action will take a hit and price reverses. One can do short from the top with stoploss on top of resistance.
Trade your levels accordingly.
Two senarios to look here.
a) Bullish: The price action will take a stop a bit at resistance zone and then starts its upward journey again. The upside looks good if it manages to break the resistance.
b) Bearish: The price action will take a hit and price reverses. One can do short from the top with stoploss on top of resistance.
Trade your levels accordingly.
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