The USDCHF started selling after breaking the MA20

After nearly a month of rebound, USDCHF in the medium term downtrend line began to fall, exchange rate is below the short-term upward trend line, suggests that short-term upward trend has ended, USDCHF may continue to decline.

After the price falls below MA20, the USDCHF will re-enter the bear market, and then I will start to look for the bearish flag and start selling USDCHF, the first target is the low of September.

Trade with care,Thank you for your support.

Yorum:

Break resistance and give up selling