USDCHF Sell higher, buy the breakout

6 באפר׳ 2023

USDCHF is trading inside a Channel Down.
The last Low was made on the Falling Support that is in effect since February 14th.

Trading Plan:
1. Sell when the price hits the MA50 (4h).
2. Buy if it crosses over Resistance (1).

Targets:
1. 0.8990 (Falling Support).
2. 0.91950 (Resistance 2).

Tips:
1. The RSI (4h) is under a Falling Resistance. The last two times it approached the 30.00 level, the Channel Down formed a Low. Use this as a buy entry and the Falling Resistance as a sell in addition to the conditions above.

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