USDCHF is trading in channel pattern within the support and resistance level as you can see in the chart. We think it might continue to trade in channel pattern till price reaches a support level of long term consolidation trend. One can initiate the trade for the short side, by keeping stop loss just above the resistance line of the channel pattern for shorter-term trade.

 Note -Trade With Proper Risk Management System.

 Thanks

Vivek_Samale
Vivek_Samale

I have half a decade of experience as a trader and enthusiastically learning & developing new strategies in algorithm trading & also analyzing the companies with New ESG method.