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Saad-ElFayed
Apr 29, 2018 6:30 PM

USDCHF - retesting preparing to break out Short

U.S. Dollar/Swiss FrancFXCM

Description

The pair had almost a false break out of a weekly strong down trend and the 0.98800/0.99000 zone with a shooting star as a price action that's a clear short entry signal but the pair had a real strong up momentum and more likely to retest the 0.97700 before break the weekly down trend so we are taking our short to the strong support zone "0.97700/23.6% fibo retracement/edge of down sub-trend " and wait for another price action to go long a break throw that support zone is a sign for the end of the up trend momentum.
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