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Rayyan_2805
Jun 3, 2019 8:43 PM

Possible Pullback then Down Trend for USDCHF Short

U.S. Dollar/Swiss FrancFXCM

Description

Possible move for USDCHF. Price has recently made a big move to a local support line which usually results in a strong pullback for the immediate next bar. I believe this will be the pullback move to the trend line and then the price will continue to head downwards as you can see from my arrows. I will wait for conformation from the next candlestick and then enter the trade in 2 days when/if the 2nd candlestick comes out in my favour. Price has also moved below the 200 and 50 EMA indicating a long term short bias. Keep an eye out for updates. FX:USDCHF
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