Potential EURCHF Short

FX:EURCHF   Euro / Swiss Franc
A downtrend of LL's and LH's has formed (marked) with a number of s and r lines (marked). The Stochastic oscillator suggests that the market is currently oversold so we can expect a rise to a support level followed by a continuation of the downtrend if the support holds (marked on the graph and indicator). A sell limit below the support line with a sl just above and a tp by R2 could prove profitable