TDMarkets

USD/CHF a selling opportunity?

USD/CHF a selling opportunity?

On April 3, 2017, Posted by , In Uncategorized, By , With No Comments

USSDCHF USDCHFF

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.

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