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Short Setup on USD/CHF by ThinkingAntsOk

Short
U.S. Dollar / Swiss Franc (FX:USDCHF)  
ThinkingAntsOk Updated   
FX:USDCHF   U.S. Dollar / Swiss Franc
Trend Analysis Support and Resistance Multiple Time Frame Analysis USDCHF USD chf short setup trade analysis Forex
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trendanalysis supportandresistance mtfa usdchf usd chf short setup trade analysis forex
4H CHART EXPLANATION:

In 4H timeframe, we observe that price tried to break and consolidate above the Ascending Wedge, but it couldn't.
After that price formed a flag corrective pattern below the support zone, did a pullback and now the pattern has been broke downwards. We are taking short positions here towards the bottom of the Wedge Pattern. Our stop loss is placed above the Resistance Zone (previous support).

DAILY CHART:

snapshot
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Short Setup on USD/CHF by ThinkingAntsOk
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