After taking short on the small shark lvl1 pattern, who is still in this short can hunt down extended targets. Consideration for longs should take place @2178, @2177 and @2171. Stops go below 2162.
This pair has a very small ATR, but respects fibs and harmonics very well. Trade big lots mates.
A short position in EUR/CHF
>The moving averages are still in order meaning the bearish trend is still intact
>StochRSI just intersected 80 signalling the start of a new short term trend
Entry is at 1.2214. Risk is at 1.22365(the 200 day moving average), and reward at 1.217
>at 1.2192 move the stop loss to break even
