USD/CHF Short and the start of a new channel...

To me it looks like USD/CHF is at the top of a new channel, it has also failed at the .382 Fib retracement multiple times. And lastly it also looks to be bouncing off of the 200 MA

I am very new to trading please don't make any trades on what I point out. This is not advice for you to make a trade! I post these to hopefully get a little input from more experienced traders ;)

I would love your input and opinions.

Thanks.

Kommentera:

USD/CHF just retested it's broken trend line and the top of my channel on the H1. Hope this means it's now going to go in the right direction! ;)