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FX618Analysis

USDCHF Might aim for S1 Monthly PIVOT shall the Trendline break!

Short
U.S. Dollar / Swiss Franc (FX:USDCHF)  
FX618Analysis  
FX:USDCHF   U.S. Dollar / Swiss Franc
Trend Analysis Chart Patterns Technical Indicators USDCHF franc Exponential Moving Average (EMA) Daily Charts swingtrade Trend Lines pivot support safehaven
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trendanalysis chartpattern indicator usdchf franc ema daily swingtrade trendline pivot support safehaven
USDCHF might aim for S1 monthly support shall the ascending trendline break. For this criteria to meet, we need to see the daily candle pierce both the trendline and D EMA in the process. After this what is required is to assess the RR for this trade, if feasible we can enter a SHORT to target the S1 monthly pivot. The S1 Monthly pivot is also present in the same area with another ascending trendline. Due to this, i strongly feel that the price might go down until those level.

Shall there be any updates i will update the entry criteria below in this thread

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