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The808Trader

Don't Swiss out on this one - Ichimoku USD/CHF Trade Idea

Short
U.S. Dollar / Swiss Franc (FX:USDCHF)  
The808Trader  
FX:USDCHF   U.S. Dollar / Swiss Franc
Trend Analysis Chart Patterns Technical Indicators USDCHF usdchfanalysis Bearish Patterns ichimokukinkohyo ichimokuforex ichimokuchart ichimmoku the808trader
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trendanalysis chartpattern indicator usdchf usdchfanalysis bearish ichimokukinkohyo ichimokuforex ichimokuchart ichimmoku the808trader
Price has made two moves to the upside now and has been rejected. With the current movement I am expecting price to try and continue to push lower. If we get the drop we're looking for, it will also be confirmed with a bearish kumo twist that has been trying to complete for the past few trading days. As soon as we break below our previous low, I'll be looking to enter a sell, with a long term target of our previous low. If we fail to break our recent low, or our bearish signs change to bullish, this setup may become invalidated.
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