USD/CHF: Levels of resistance, possible short

USD / CHF: 4 hour chart – downtrend

Fibonacci – correction to 38.2

Price action: pin bar on resistance levels – a negative signal

50 / 200M: 50 under 200 – the movement remains short
DeM: not giving a clear signal yet
CCI (50) below 0 – negative signal

SL: 0.96608

Alternative scenario: If the price crosses above the 38.2 Fibonacci is possible to see a new bullish momentum.


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