USDCHF Short Opportunity

The price is going to reverse from the resistance zone formed by the downtrend line and 0.97700 level. RSI and a reversal candlestick pattern confirm price reversal. MACD histogram also reverses and it will support downward movement. DMI gives a bullish signal but ADX line is near 20 level and it allows us to open short trades. Pending orders for sell can be placed at 0.97360 level. Stop orders must be above the resistance at 0.98750 level. Profit targets are 0.95500 and 0.94450 support levels.