USDCHF – Bearish market condition, shorts in play

Written by Raul Lopez on . Posted in Trades & Analysis.

Apparently the USDCHF is following the EURUSD steps (remember both of them are inversely correlated), the EURUSD is in a bullish market condition, and the USDCHF broke the short term support level triggering a bearish market condition:

USDCHF
USDCHF

As long as the USDCHF keeps trading below 1.1248 I will be looking for short opportunities.

All long opportunities will be ignored.

Trade Safe!

Raul Lopez
http://www.protradingnow.com/

USDCHF analysis

Raul Lopez

I've been trading the markets for more than 15 years. I believe the best way to trade is by adapting to the market conditions. You can learn it too, join our community .
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