Trade Idea: Bearish Reversal
USDCHF surged to the topside of the bearish channel last week as risk appetite returns. Now that we’re entering a new week, there are still a lot of headlines that could bring back volatility (Brexit, US-China Trade & Government) to the markets.
Scenario Two: Price pushes higher to final key resistance below reversing to the bottom side of the channel. Look to profit below 0.9740.