ThinkingAntsOk
Short

Short Setup fully Explained on EURCHF by ThinkingAntsOk

FX:EURCHF   Euro / Swiss Franc
Use this as an idea to develop your own setup

Main Items we see on the 4hs Chart:
a)We can see a clear Descending Channel that has been keeping the price inside it since the end of April 2019
b)Currently, there is a Range on the channel, our forecast is a Bearish Resolution from it
c)We can Use the Size of the range to see the minimum expected movement, based on that we think we have an interesting downside potential to take a short trade
d)We were waiting for a small fake out of the Range + consolidation, now that is already done, and we will explain our setup on the 1h chart.

1H SETUP

We will be setting those parameters for our entry, we will probably Break Even on 1.07600


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