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Cmasterza

USDCHF trade idea

Short
U.S. Dollar / Swiss Franc (FX:USDCHF)  
Cmasterza  
FX:USDCHF   U.S. Dollar / Swiss Franc
Trend Analysis Chart Patterns Technical Indicators USDCHF usdchftrade usdchfshort usdchftradeidea cmasterza chartmaster profitfx profitfxza
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trendanalysis chartpattern indicator usdchf usdchftrade usdchfshort usdchftradeidea cmasterza chartmaster profitfx profitfxza
USDCHF has been battling to break those highs on the higher time frames so this is an indication that the bulls may be losing control....

Note the following:

1. Trend line broken to the down side
2. Support re tested as resistance and the candle popped a wick to the up side (clue)
3. 50 ema broken...

I am shorting at market price @ 1.000281 with

TP provisionally at first support @ 0.99890 and
SL just above the resistance level @ 1.00580

Don't bet the farm and always exercise healthy risk management
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