chris333

Swiss Franc Setup For Downside Move

Short
FX_IDC:USDCHF   U.S. Dollar / Swiss Franc
With a Super Pivot Stack formed above the current price, the new month has aligned the Pivots for a bias to the short side. 

The strong resistance is formidable enough to give us a good probability trade by going short on weakness through the swing low of a few days ago. 

Place a short entry order at .97850, and if filled place the stop loss at .99060 with a profit target at .95540.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.