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garethwarnock44
Mar 10, 2024 7:10 PM

USD CHF Shorts  Short

USD/CHFOANDA

Description

I am looking for shorts because of the weakness of the dollar, however I am mindful that there was a rejection and and a bullish close on the daily candle.

So there are two possibilities and the short entry may not set up.

In order for the short entry I would look for a rejection from the current area and a lower low close on the 4h to go back to the target area of 0.87283.

the other scenario would be a continuation from fridays daily close and a 4 h close above structure and yellow line and a long back to 0.88342
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