SmartTradingFX
Short

USDCHF: Trend Continuation Setup?

FX:USDCHF   U.S. Dollar / Swiss Franc
170 0 9
Analysis on chart!

I've had to use the 4H TF to get everything in but would look to trade this on the 1H TF PERSONALLY!

Price broke below closed below the previous lows strongly and has now retraced back into previous structure where we have harmonic leg completion, 1.414 fib extension, 1.414 fib inversion and a 0.618 fib retracement! The previous 4H candle has a long wick to the upside maybe suggesting some selling pressure from this level?

This opportunity is with the overall trend and could potentially reach the previous lows i have highlighted in green for a longer term position!

Please like, share and comment away with your ideas and constructive feedback i love to hear it!

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