I’ve been keeping an eye on the USDCHF for a while. Price has taken out the previous swing high and has now broken a supporting trendline. This is the confirmation I needed to take a short against the Weekly Bias on this pair. The daily looks prime for a correction to the extension targets.(see green arrows) before the BULLS re-enter long.
USD/CHF - SHORT Swing trade Limit order Sell: 9922-9935 Stop: 9981 Target: 9972 then 9926 R:R 2:81
Entry on the 4hr chart is indicated by the overlapping upward and downward sloping trendlines. The USDCHF is a tricky pair to trade and can be volatile this is why your stop needs to remain above the level suggested.