drin
Short

Bearish Butterfly @USDCHF H4

FX:USDCHF   U.S. Dollar/Swiss Franc
Bearish Butterfly pattern has formed in USDCHF             H4 chart.The price is also within a channel and is protected by a resistance line. RSI Divergence is also shown.Stop loss is placed in the next resistance line.Target 1 is placed at B point, and target 2 at a minor resistance point.If price reverses,look out for taking profits in case price starts to reverse at 38.2 and 61.8 fib levels of XA leg of the move.
Trade closed: stop reached
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