The Swiss Franc
is slow starting to break out of the upward trend is the pair is looking more bearish
by the day. We've had two (Close below HOLP, close outside of the bullish trend
) of the three confirmations needed to confirm the downward trend. The last confirmation that we need is the price to trade at the 0.9847 level before we enter. Our first profit target is at 0.9757 were we may look to close part of our trade. Trailing stop is quite wide at 180 pips, but we should get a new stop level before out trailing stop is hit. Points A, B and C will change as the trade develop.