BEARISH CHART PATTERN: SUPPLY CHANNEL FROMED USDCHF

I have not had much luck trading this pair in recent times. But it’s a new week; probably, I may have a better luck.

Supply channel formed on 4-hour time frame where price appears to have been ranging for couples of weeks.

While on 1-hour time frame, a resistance was drawn and sits close to channel. Should price test the trend line, I will go short and set target at the support of the channel; and Stop loss at the swing high

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About Moshow

Oseni Moshood ( Moshow) is a physicist, a blogger and a spot trader with years of experience. He trades only price actions partly because he thinks Economics is boring; or, probably because he failed Economics; and he loves fine artistic works.