Looking for short at USDCHF - forex leaning place

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The need to exchange currencies is the primary reason why the forex market is the largest, most liquid financial market in the world.

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    Thursday 6 July 2017

    Home USD/CHF USDCHF Looking for short at USDCHF

    Looking for short at USDCHF

    USDCHF in daily timeframe. Price is now in a downtrend. It's also in a downtrend in the weekly timeframe.

    Lower time frame MA nicely condensed and formed a shooting star exactly at 61% fib level. The body of the candle resides on a strong support/resistance level which is now a resistance. If the level can resist the price from going down in the current daily candle then it should be a short signal for me. I'm following it.

    Safe trade...
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