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Cenotaph
Apr 17, 2016 4:00 PM

USDCHF Lower low next week, sell Short

U.S. Dollar/Swiss FrancFXCM

Description

This pair is still in a clear downtrend as shown by the pitchfork channel. If the indecision from last week turns into more bearish movement, there should be a lower low forming. Enter this trade for a move down to previous Resistance zone and possibly further down.
Be aware of the strong SR zone where price stalled previously, this can be a partial take profit zone.

Comments or idea's, please do share :)

Thanks for reading!

Comment

After the Asia session, the price is starting to move down towards the zone I would consider to enter. Waiting for confirmation

Trade closed manually

Half way a reversal as was predicted there could be problems around this SR zone.
Comments
Cenotaph
Wedge forming, when it breaks the trade is active.
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