Death of the Swissie?
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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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.