USD CHF Sell idea
first take profit level sat around 0.98150
final target is 0.96000
when take profit 1 hits we do recommend closing 1 of the 2 positions and trailing your stop loss to entry on the other position(s)
Price has rejected out of our fib region, perfectly tapping the 78.6% area. The psychological level of 0.99000 has been retested and rejected with a heavily bearish candlestick created upon Fridays close.
Looking at the 4 hour time frame we can see that a head & shoulders with the neckline broken.
Our entry- 0.98450
first take profit level sat around 0.98150
final target is 0.96000
when take profit 1 hits we do recommend closing 1 of the 2 positions and trailing your stop loss to entry on the other position(s)
Price has rejected out of our fib region, perfectly tapping the 78.6% area. The psychological level of 0.99000 has been retested and rejected with a heavily bearish candlestick created upon Fridays close.
Looking at the 4 hour time frame we can see that a head & shoulders with the neckline broken.
Our entry- 0.98450