YGForex

Good Opportunity for USDCHF....Potential Entry now!!!!

שורט
FX:USDCHF   דולר אמריקאי / פרנק שוויצרי
As we can see USDCHF have been testing this strong resistance level @0.9740 price level which it did not managed to breakthrough several time. What I am planning to see from this movement is a lower head (low) which is only possible forming at this resistance level . If we were to look at the 1H chart we can also see a double head formation forming a "M" shape which also looks like a potential bearish retracement downwards.

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