USDCHF Sell a break setup.
USDCHF - Intraday - We look to Sell a break of 0.9917 (stop at 0.9943)
Short term momentum is bearish.
Price action is forming a bearish flag which has a bias to break to the downside.
A break of the recent low at 0.9918 should result in a further move lower.
We are trading at overbought extremes.
A higher correction is expected.
Our profit targets will be 0.9851 and 0.9831
Resistance: 0.9960 / 0.9975 / 1.0000
Support: 0.9920 / 0.9870 / 0.9845
Short term momentum is bearish.
Price action is forming a bearish flag which has a bias to break to the downside.
A break of the recent low at 0.9918 should result in a further move lower.
We are trading at overbought extremes.
A higher correction is expected.
Our profit targets will be 0.9851 and 0.9831
Resistance: 0.9960 / 0.9975 / 1.0000
Support: 0.9920 / 0.9870 / 0.9845
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