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TheMeditrader
Feb 20, 2023 1:09 AM

Bearish Play on USDCHF Short

US Dollar / Swiss FrancEightcap

Description

EIGHTCAP:USDCHF

Last Friday's daily bar closed as a shooting star, indicated bearish sentiment. On top of that, it also finished as a SFP (Swing Failure Pattern) from a previous swing high, another bearish confluence.

I'm expecting a run down to the previous swing low which is where I'll be taking profit.

Entry is at an imbalance and stop is set above the most recent swing high.
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