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USD/CHF Signal - 11 Oct 2021

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Signal Details
Entry Price: 
0.9273
Take Profit: 
0.9200
Stop Loss: 
0.9310
Direction: 
Sell
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Average: 5 (1 vote)

USDCHF has broken the ascending trendline and is now correcting in a bearish structure. We have formed a double top pattern and are looking for downside to continue into the significant figure of 0.9200. The RSI is bearish and the ADX is increasing, showing that the downtrend is gathering momentum.

Submitted by Toni H. on Sun, 10 Oct 2021 23:04:41 GMT

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Disclaimer: The article is written for informative purposes only and it is not financial advice. The author does not have any position in the currency pairs mentioned, and no plans to initiate a position. He wrote the article himself and expressed his own opinions. Readers should not treat any opinion expressed by the author as a specific inducement to make a particular trade or follow a particular strategy, but only as an expression of his opinion. All risks and coasts associated with online trading are your responsibility.

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