FX:USDCHF U.S. Dollar/Swiss Franc
USDCHF pulls back to a 61.8% Fibonacci level, a 50 , and a horizontal established in December 2013 -- all while in the midst of a clear downtrend. As such, I'm seeing this as a great swing trading opportunity and am going short. My only concern is that we don't have confirmation, though in my opinion if I wait for that on the I might be waiting a bit too long. There is a reasonably long wick candle on the hourly chart at this time, which is some evidence. Overall, though, I'm basing my decisions based on the other factors.