Death of the Swissie?
Updated
Price recently broke out from a Rising Wedge and fell to our Daily Support 0.9440. Price then had another rally up and came back to a Minor Resistance Zone which is lining up nicely with the 61.8% Fib as well. Price also took out two recent High's (classic market manipulation) which suggests to me that now price is ready to drop. Now we just wait for a bearish confirmation to enter the trade. Looking to short this to my First Target 0.9434.
Trade active
Shorts Activated @ 0.9594S.L @ 0.9525
1st T.P @ 0.9434
R:R = 3.54
Trade closed: stop reached
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