USDCHF rides in a descending channel; don’t miss sell the opp.
The currency pair has been trading in descending parallel channel on intraday chart since mid June 2019. Every time the pair tries to breach the upper trend line, it pulled back to the lower trend line and vice versa. Recently, USDCHF reversed off its upper trend line and is likely to first hit the middle area of the channel around 0.9797. Once the pair dives below this level then the next target can be at 0.9641.
Stop Loss- 0.9970
"Don't miss the sell opportunity"
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