$USDCHF | A Ceiling Finally!

You can see my last note about USDCHF where I was stopped out unexpectedly only for my initial prediction to come to fruition. Annoying to say the least. We are back at similar times, with extreme overbought levels on the RSI BUT also a MASSIVE rejection at major resistance levels coupling the fact of broken upper band on the Bollinger Band. Let's ride the wave down on this. Looking at a take profit near the next short term support line and stop loss above your swing high. Here we go again!

Trade ist aktiv:

Moved up Stop Loss and in profit currently

Trade geschlossen: Ziel wurde erreicht:

Stop Loss target was in profit so considering this a win.