USDCHF Sell Idea

Hi Traders

Price has reached the 61.8 fib level where it appears to be finding some resistance on the 1.00300 major psychological number. Price has slowed down it’s momentum and the pins on the candles have turned to the upside. We have a couple of pin bars and inverted hammers that have formed which is signalling the sell.

I would like to see price break from the small channel it is currently in and show some sort of bearish momentum before I pull the trigger but it is looking good.

Happy Trading

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