Swissy Fake break out???

Good evening Dynamic Traders,

Below is the USDCHF weekly chart. The overall trend for the last 8 years has been down and now we've reached a resistance level at the figure 1.1600 with MACD divergence. Last weeks close was slightly above the previous high so we may have a fake breakout. I've got my eye on this pair for a reversal to the down side.













USDCHF forex chart from Advanced Get

Good trading.