USDCHF - Limited upside

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USDCHF

USDCHF - Intraday - We look to Sell at 0.9854 (stop at 0.9884)

Buying pressure from 0.9804 resulted in all the initial daily selloff being recaptured. Buying posted in Asia. The rally is close to an exhaustion count on the intraday chart. Bespoke resistance is located at 0.9854. The AB=CD formation target is located at 0.9780.
Our profit targets will be 0.9780 and 0.9700

Resistance: 0.9854 / 0.9913 / 1.0000
Support: 0.9791 / 0.9780 / 0.9692

Order avbruten:

USDCHF - Cancelling the trade idea as the move upwards has missed our trigger by 3 pips