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The808Trader

Swiss Cheese and Profit? Ichimoku USD/CHF Trade Idea

Short
U.S. Dollar / Swiss Franc (FX:USDCHF)  
The808Trader  
FX:USDCHF   U.S. Dollar / Swiss Franc
Trend Analysis Chart Patterns Technical Indicators swiss USDCHF Bearish Patterns ichimokukinkohyo ichimokuforex ichimokuchart the808trader
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trendanalysis chartpattern indicator swiss usdchf bearish ichimokukinkohyo ichimokuforex ichimokuchart the808trader
The Swiss Dollars has been on a text book bullish breakout and run over the past few weeks. We've finally started to fall down and test Tenken Sen. If we break below Tenken Sen the I will be looking to sell on the drawback to Kijun. We can also confirm this early by watching the 1 hour and 4 hour charts for a bearish breakout since I know it can can mess with your psychology to counter trend trade on a larger chart. If we fail to have a bearish breakout on the smaller time frame charts or we fail to break below Tenken Sen on the daily, this setup may become invalidated.
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