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forex47_

USDCHF (H4)-Wait to Sell

Short
U.S. Dollar / Swiss Franc (OANDA:USDCHF)  
forex47_ Updated   
OANDA:USDCHF   U.S. Dollar / Swiss Franc
Trend Analysis Chart Patterns Technical Indicators
1
0
trendanalysis chartpattern indicator
USDCHF (H4) is in a bearish channel

  • RSI has enered the oversold range at times but the trend cannot be reversed

  • The rate is likely to fall to the support zone 0.91681-0.91754

  • However, we should wait for the recovery to 0.92194-0.92294 zone and have bearish signal to Sell

TP1 price target at 0.91754 and TP2 at 0.91421
Order cancelled:
USD/CHF (H4) remains in a bearish channel
However, the 0.91681 support was broken, cancel the previous trading plan.
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