USD/CHF: 1-hour
If you’d rather follow the trend, then you might like this USD/CHF setup better. The pair’s recent highs on its 1-hour forex time frame can be connected to form a descending trend line, which might continue to hold as resistance. Price is currently testing the trend line near the .9550 minor psychological resistance, and this might keep further gains in check since stochastic is heading lower. USD/CHF could head back to its previous lows around the .9500 mark from here or perhaps create new lows if selling pressure is strong enough. Just make sure you set your stops right in case a breakout takes place!
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