Time to short this sucker USDCHF #fx #forex #trading

FX:USDCHF   U.S. Dollar / Swiss Franc
179 0 0


Scenario : Short
- A break of the blue trendline which is better represented on the 4H chart will support my bias to go short and i will be looking for. This line has acted s good support for the rising trendline and a break of it will mean further down to the green major trendline . A hidden bearish divergence is also worth mentioning as this signifies trend continuation.

I favor an entry at 0.886 zone after a break and then a bounce of the blue TL

SL is based on previous high and fibonacci reversal of 0.89457

Total TP Target : 0.86273

TP1 : 55% of T.TP

TP 2: 85% of T.TP
Follow me on twitter @olatrading

Total Trades :3
Total Pips : 313 Pips

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