SELL USDCHF RSI Way Overbought & Bullish Wedge Pattern
The RSI indicator on the daily time-frame for USDCHF is showing way overbought. A bullish wedge has been forming since November 2017 and it looks like the top of the wedge was broken.
One of two things could happen, price goes back for a re-test and bounces off the wedges upper level to rise up after the major resistance level around 1.0300-1.03250 or price pulls back to the previous swing high or even back to the bottom of the wedge.
Trade Details :
SL : 1.02500
TP 1 : 1.01100
TP 2 : 1.00500
*Don't forget to apply proper risk management!*
One of two things could happen, price goes back for a re-test and bounces off the wedges upper level to rise up after the major resistance level around 1.0300-1.03250 or price pulls back to the previous swing high or even back to the bottom of the wedge.
Trade Details :
SL : 1.02500
TP 1 : 1.01100
TP 2 : 1.00500
*Don't forget to apply proper risk management!*