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RobertSoos

EURCHF short: risk sentiment deterioration

Short
Euro / Swiss Franc (OANDA:EURCHF)  
RobertSoos  
OANDA:EURCHF   Euro / Swiss Franc
Support and Resistance Fundamental Analysis EURCHF sentiment
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supportandresistance fundamental eurchf sentiment
Fundamentals:
-key eco indicators further deteriorating (Ger factory orders, PMI, etc)
-no brexit deal -> EU and GB both will suffer

Technicals:
- daily 200MA reached
- fake out candle -> indication of bulls getting tired

Trade plan
- took a short from 1.1390 based on H4
- target 61.8 Fib retracement (1.1290)
- if risk sentiment improves, stocks move higher, CHF sold -> stop out @ 1.1428
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