USDCHF has completed a bearish shark at confluent reversal zone. Unhit weekly and daily pivots add pressure to the downside. The new unhit daily pivot aligns with .382cd and makes for a nice target level. SL above S/R provides a substantial R/R. A more aggressive T2 may be placed at .618CD.
Confluence in the PRZ: 1. Bearish Shark Completion 2. 1.618bc 3. 0.786XA 4. 3.618ab=cd 5. 0.618 0-1 5. Trendline Resistance