USDCHF: Reversal from Strong Resistance Zone
I wrote about the sell opportunity, and you can read more details in the post in the related ideas.
The price reached the resistance level at 0.99800, and we should be ready to see a pullback. It allows us to search for possible entry levels using lower timeframes like the 1H chart.
If the price moves upward and closes our sell trades by stop, we will keep waiting for a bouncing. There is a strong resistance formed by 0.99800 and 1.0000 levels. The market will need solid reasons for passing through it.
This market will stay good for selling, and probably it will need several attempts to catch a downward movement.
The price reached the resistance level at 0.99800, and we should be ready to see a pullback. It allows us to search for possible entry levels using lower timeframes like the 1H chart.
If the price moves upward and closes our sell trades by stop, we will keep waiting for a bouncing. There is a strong resistance formed by 0.99800 and 1.0000 levels. The market will need solid reasons for passing through it.
This market will stay good for selling, and probably it will need several attempts to catch a downward movement.
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