FX.co ★ pstamm | Analisa Pasar USDCHF

USD/CHF Hello traders! Sellers are showing activity, as indicated by the downward linear regression channel. The instrument is trading below the level of 0.76793. I am considering selling towards the level of 0.76245, where a correction can be expected. Therefore, I am no longer considering shorts at lower levels. I am waiting for a pullback to further consider selling. Selling from the level of 0.76793 is more appealing, as breaking beyond it threatens bullish interest. Therefore, selling from 0.76793 puts me in a position between buying and selling. It clearly shows the reaction of the two players, allowing adjustments to trading to cut losses with the possibility of quick profits in daily trading. Analyzing the situation on the hourly chart, I also see a downward linear regression channel. Both channels are moving in the same direction, indicating a lack of strong buyers. The probability of a trend reversal based on the H1 channel in this case is very low. Therefore, considering selling is much more interesting for me than buying against the movement of the two channels signaling sales. The bullish obstacle is the level of 0.76793, breaking which could lead to an increase towards the upper edge of the channel at 0.77401. I will sell from there aiming to reach the targets at 0.76245 and 0.76359. Achieving the targets depends on channel volatility, which will contribute to a bullish pullback. An upward movement on the pullback is not very appealing to me; working with the trend is the priority direction.