USDCHF has been on a recent uptrend with an RSI bearish divergence. There was a break of the short term trendline support with a bearish engulfing pattern. Therefore, I am placing a sell limit order at 1.00357. Stop loss is just above the swing high while the take profit target is at the 38.2 Fibonacci retracement level of the long term upswing. I will cancel the pending order if price goes to TP1 before getting triggered. Trade details are as follows: