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USD/CHF Key Reversal at Channel Resistance

USD/CHF Key Reversal at Channel Resistance

2016-09-01 21:40:00
Jamie Saettele, CMT, Sr. Technical Strategist
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USD/CHF Key Reversal at Channel Resistance

Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts

-I wrote in mid- August to “pay attention to .9540/50 (now!). Weakness below here would signal the break of a 5 year trendline.” The 5 year trendline held which at least delays the immediate breakdown scenario. Today’s reversal at the 200 day average / channel may lead to the next breakdown attempt.

For more analysis and trade setups (exact entry and exit), visit SB Trade Desk

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