The808Trader

EUR/CHF Icimoku Short Sell Idea

Short
FX:EURCHF   Euro / Swiss Franc
We've been watching this pair for a while and I commented that the 4 hour breakout hadn't convinced me we were in a true breakout yet, and that more than likely it was actually a fake breakout. This has turned out to be the case so far. Since we are still holding bearish sentiment on the daily I am looking for a slight rise to test kijun sen, Once/If we see a rejection there I will look for a longer term sell. Looking at hte current price structure it would make sense to target our previous structure low, but I would take some partial profit on the way down in the case that we don't make it all the way back down.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.