USD/CHF WE CAN SEE THAT IT IS IN A CLEAR DOWNTREND. WITH THAT IN MIND WE ARE SHORT BIASED. WE NEVER WANT TO BE BIASED ON BOTH LONGS AND SHORTS DUE TO FAKEOUTS. AS PRICE IS HEADING TO THE UPSIDE, I PULLED OUT MY FIB IN WHICH I AM EXPECTING PRICE TO HIT THE 61.8 LEVEL. IF IT BREAKS 61.8 THEN OUR SELL LIMIT IS NOT VALID.