Trade Idea: USDCHF – Looking to Sell Into Corrective Structure – Aug 27

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USDCHF – Still In Large Corrective Structure, Looking to Sell (4hr chart)

Price Action Context

Stuck inside a large corrective structure between 9700 and 1.000, the USDCHF has been largely inside a range, with some bearish hints via the last two lower highs.

I’m looking to sell into resistance either at 9868 or just short of parity.

Trending Analysis
ST bearish and MT neutral while inside this large corrective structure

Key Support & Resistance Levels
R: 9868, 1.0015
S: 9700, 9500