USDCHF - Selling rallies within the channel
USDCHF is Bearish - We look to Sell at 0.9700
▪️ Negative overnight flows lead to an expectation of a weaker open this morning.
▪️ Price action looks to be forming a top.
▪️ Trading within a Bearish Channel formation.
▪️ Bespoke resistance is located at 0.9701.
▪️ Further downside is expected although we prefer to sell into rallies close to the 0.9700 level.
▪️ Expect trading to remain mixed and volatile.
Stop: 0.9720
Target1: 0.9640
Target2: 0.9618
▪️ Negative overnight flows lead to an expectation of a weaker open this morning.
▪️ Price action looks to be forming a top.
▪️ Trading within a Bearish Channel formation.
▪️ Bespoke resistance is located at 0.9701.
▪️ Further downside is expected although we prefer to sell into rallies close to the 0.9700 level.
▪️ Expect trading to remain mixed and volatile.
Stop: 0.9720
Target1: 0.9640
Target2: 0.9618
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