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RiosTrades
Aug 7, 2019 1:59 PM

USD/CHF SHORT OPPORTUNITY Short

U.S. Dollar/Swiss FrancFXCM

Description

Price Action (Technical Analysis): Price broke out of the daily bearish wedge, either price continous to break below and test the previous structure it breaks (Support turns into Resistance) or price decides to retrace to a key fibonacci retracement level.

Fundamental Analysis: None.
Comments
claudegeneva
I hope a retracement to 0,98
RiosTrades
@claudegeneva, a 4hour/daily bearish pinbar or long upper shadow would be great confirmation to look to go short at that Retracement
Bullandbeartrading
Great FIB placement.
RiosTrades
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