USD/CHF has been intraday traders' paradise recently. The pair has kept producing some excellent trading signals. Yesterday's daily candle came out a strong bearish candle. The H1 chart's price action has been bearish as well. The price made a breakout at yesterday's lowest low. The pair is trading below the breakout level. If the level produces a bearish reversal candle closing below the resistance of consolidation, the sellers may trigger a short entry to grab some green pips.

 

Chart 1 USD/CHF H1 Chart

USDCHF

The H1 chart shows that the price made a breakout at the level of 0.96310 earlier. It had a bounce at the level of 0.96220. The sellers are to wait for a bearish reversal candle at the level of 0.96310 closing below the level of 0.96220 to go short on the pair.

 

Trade Summary

Entry: Sell below 0.96220

Stop Loss: Above 0.96310

Take Profit 1: 0.95975

Take Profit 2: 0.95850

Take Profit 3: 0.95660

 


 

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