Jenkins301

Possible End of 1H uptrend on CHFEUR

Short
FX_IDC:CHFEUR   SWISS FRANC / EURO
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Situation:
After an uptrend, CHFEUR shows some weakness and struggles to produce a new high.

Plan:
Looking at the current situation, we can try to short CHFEUR at around 0.8787 which is the red dased line.
If the chart crosses this level, we will se a broken trend by definition and can expect some downwars movement.

Execution:
Trading the movement with a TP after 3 Points and a SL 10 points above.

DISCLAIMER: I am by no means anything close to a proffessional. The reason, I post ideas, is to document my trades. There may be no value to you. It might be incorrect analysis. But it certainly helps me sorting my thoughts on charts.

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