USDCHF Shooting Star at Resistance Level

After a strong bullish run through to 0.99800, USDCHF is now testing a key resistance level formed over the past week. Price action shows that the resistance is being rejected and thus I have the bias that there may be some downside momentum due to arrive in USDCHF towards 0.98940.

I will be looking to short this pair if price forms a shooting star that is broken to the downside.

Trade stängt: målet nått