[Signal] USDCHF: Incoming Multi-Year Resistance; Drop Likely

USDCHF
Timeframe: 1D
Direction: Short

Confluences for Trade:
- Bearish candle formations and waning strength in upwards move
- Stochastic Overbought momentum
- Price action at strong resistance multi-year Trendline (Since 2016)

Suggested Trade:
Entry @ Area of Interest 0.9980 - 1.0130
SL: 1.0213
TP1: 0.9885
TP: 0.9681
RR: Approx. 2.37 (Depending on Entry Level)


May the pips move in our favor! Good luck! :D

*This trade suggestion is provided on an advisory basis. Any trade decisions made based on this suggestion is a personal decision and we are not responsible for any losses derived from it.