USD/CHF a selling opportunity?
Noted is that the market has been making a series of lower highers and lower lows (Bearish momentum). on the 4H timeframe there seems to be a price rejection candle on the price level 1.00280. Furthermore this is a previous level of support, has the potential of becoming a resistance (role reversal). Moreover this level coincides with the fib zone. Last but not least, the market is overbought on D1. However, one may wait for a reversal candle.