This pair broke down further last week before the USD gained a little bit of ground at the end of the week, but now is the time to start looking for rejections. In this setup I am looking for a good rejection here at tenken sen for a chance to get short. CHF has been putting out some strong data and it's been pretty strong for a few weeks now. As soon as I see a good rejection or drop I will be entering a sell per this setup. If we don't drop or get a rejection there is another chance to look for a sell at a kijun sen rejection. If those scenarios don't play out, or if our bearish signs change, these setups may become invalidated.
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