FX.co ★ blaise.rogahn | USD/CHF

USDCHF I will try to sell from current levels. During the Asian session, and also during part of the US session, the price crawled towards 0.9122 approximately and failed to move significantly higher, with all that was achieved being a second breakthrough followed by a pullback. After such a move, there is a probability of a decline towards 0.9080. However, it is important to understand that the overall uptrend has not disappeared anywhere, and if suddenly on the H4 timeframe we close above 0.9125, I will immediately exit the sell position. Moreover, the entry itself is quite modest. Additionally, we have traders who have entered a sideways market, which also hints at a move to the south. Furthermore, in conjunction with the major currencies, there is a possibility that the dollar will weaken. In general, my indicators show several signals for a downward movement, so I will give it a try.