USD/CHF Long-Term Trend: Bearish
Key Resistance Levels: 0.9751, 0.9875, 0.9978
Key Support Levels: 0.9609, 0.9527, 0.9446
The price on the higher time frame has reversed the direction after facing a rejection around 1.0064 level. The pair has then broken a trendline and also the support level of 0.9761 with good momentum. We expect the pair to pick momentum in the downside.
USD/CHF Medium-Term Trend: Bearish
On the lower time frame, the pair is moving in the major trend’s direction. The price broke a support level of 0.9875 with good momentum and another minor support of 0.9751 has been broken and retested before continuing the momentum.
Sell Limit Order @ 0.9691
TP 1 @ 0.9611
TP 2 @ 0.9531
Stop Loss @ 0.9771
Trade Safely 🙂