#USDCHF: Profit Taking Strong, Bears To Step In? #Forex
Traders,
UPDATE: Bears strong after resistance zone was hit. Strong profit taking, and signas of short positions entering the markets.
Bearish reversal candlesticks at the resistance level suggesting there is weakness at this level. Expecting some downside from here in the form a corrective or impulse bearish leg. Clear strength of bears ever since Monday, where there was a gap up and then reversal since. Now price is negated Friday's high session candle, breaking the sideways consolidation.
I hope you have a tested trading strategy to trade this move when it starts
UPDATE: Bears strong after resistance zone was hit. Strong profit taking, and signas of short positions entering the markets.
Bearish reversal candlesticks at the resistance level suggesting there is weakness at this level. Expecting some downside from here in the form a corrective or impulse bearish leg. Clear strength of bears ever since Monday, where there was a gap up and then reversal since. Now price is negated Friday's high session candle, breaking the sideways consolidation.
I hope you have a tested trading strategy to trade this move when it starts
