USDCHF Bearish Set-up

FX:USDCHF   U.S. Dollar / Swiss Franc
USDCHF             bearish set-up:
Entry: 0.9700
TP1: 0.9600 (100pips)
TP2: 0.9500 (200pips)
TP3: 0.9450 (250pips)

SL: 0.9780 (80 pips)
Reward-to-Rish ratio : 3:1

1. Bearish trend continuation where retracement found at 50% Fibo retrament level.
2. Rejection by strong resistance with EMA200+EMA50 indicates strong retracement.
3. Bearish engulfing .
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