USD/CHF: Daily chart
Downward trend, mid-term choppy, price at horizontal and diagonal resistance
Price action signal - Pin Bar at horizontal and diagonal resistance and close to 200MA
Technical indicators:
50/200MA: Price below 200MA - negative signal
DeM does not give a clear signal
CCI(50) will give us a signal for short went it goes below 0
SL: 0.98349
Alternative scenario: If the price goes above the horizontal resistance, it is possible to see a rise of the price to new levels of resistance
Jr_Trader_I_Ivanov
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