USDCHF: Nice Level to Watch for Shorts

Although a little early we may soon get involved with a very nice sell setup in case price reaches the sliding parallel having acted several times as support and resistance previously. I will definitely be going to update this post if we see price action at this resistance level. Till then we only watch for longs. Below you may see a working slope upsloping pitchfork where you may keep an eye at its parallels for buy setups.

Kommentera:

Price reached the sliding parallel to the pip and immediately dropped.. In case you missed an entry, just wait for a correction to the upside and sell ehen this correction is over.. I will update once again if the above scenario occurs