FX.co ★ Omoba9ce | forexguy9's - Trading journal (2)

Selling usdchf
I see the possibility of a good drop in the price of the usdchf currency pair. The price is currently below moving average 200 which rests around 0.9960.
The technical formations are bearish with the commodity channels index turning down. I see the prospect of a good decline in the value of the currency pair. The bearish target could go as low as 0.9840. Let's see.
Good day mate, we are on the same side on USDCHF trade as i too have opened a sell trade in this pair this morning. I made the sell order because price has moved quite upwards in a corrective swing to retest the trendline and now this trendline is acting as resistance around 0.9965. My sell target is 100pips. Good luck to you on this trade mate .