USDCHF: Key Moment For The Pair

hey guys,

USDCHF is on a decision level.

as always, two scenarios are equally possible here:

- bullish breakout through the resistance and bullish continuation to higher levels of structure

- bearish: pullback from the underlined resistance.

I will try to play against the trend and I will pay close attention to a rising channel on 1H.
for me, the trigger to short the pair will be a bearish breakout of the channel.
I will place my stop above the higher high with the channel and will aim at 0.973 as the initial target.

Patience is key here! in case of a bullish violation of the resistance, our setup will be invalid.

good luck!

Ordem cancelada:

broken to upside
setup is canceled