5 reasons to short usdchf

FX_IDC:USDCHF   U.S. Dollar / Swiss Franc
83 2 2
here i have 5 reasons to short usdchf            
any feedback would be appreciated
1) Price at a previous structure, support miight act as reistnace
2) Upper trendline
3) Price retraced to 61.8 which not only a a previous support but might also indicate an abcd pattern in the making
4) The target of the potential abcd pattern is also a previous fresh demand
5) target for the completion of the pattern is also a 1.27 fib level.
wont really hold on to this position over the weekend so did bag in some nice pips
looks like the reasons work) for now..
+1 Reply
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