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USDCHF AT KEY RESISTANCE

USDCHF has been ranging for some time now and now the price is back at the key resistance we could see a move lower.

Looking at the Daily timeframe the LFX strategy indicator has pointed out an opportunity from the top of the range. We could look to short the market underneath the daily candle low with stops above the highs.

The 4hr timeframe could be forming bearish divergence if the price could form a higher high and the RSI could form a lower high. If this happens we can look to short the 4hr timeframe earlier at a lower risk.