Since yesterday, price is moving up in USD/CHF currency pair in 1 hour time frame. Trend is currently bearish in 1 hour chart and short term resistance is present at 0.9763 price level. As long as price stays below 0.9763 resistance level, look for sell trades. Based on Elliott wave analysis a bullish break out in price above 0.9763 resistance level will end the down trend. In such case, I would prefer to stay out of the market and reanalyze the price action of USD/CHF 1 hour chart.
