USD/CHF: Daily

USD/CHF Daily

Last but definitely not the least, I got you a potential swing or position trade! Since the rising channel that I pointed out yesterday pretty much got busted yesterday, I'm now looking at a potential double top on USD/CHF's daily chart. Aside from encountering resistance at the .9300 area early this week, the pair is also sporting a bearish divergence and an overbought Stochastic signal. A stop above the previous high while aiming for the .8600 neckline would yield serious pips, but only if you practice good trade management!

Source http://www.fxstreet.com/technical/analysis-reports/pippin-aint-easy/2011-12-01.v03.html



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