USDCHF: Sell Trade SetupThanks for Taking Interested in my Trading Idea.
USDCHF: Sell Trade Setup
According Price action rejection market need to flow down side.
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Usdchftrade
a closeup in the 30 min TF of the usdchfwe see a perfect 5 wave pattern that is completed. it started at the wave 2 rejection on the .50 level of the fib.
level for has the support of the -0.27 extension level of the Fibonacci. we are at a zone where we can develop an ABC pattern to
make a natural correction. with the FOMC on the mind, we are open for some wicks and more downside movement.
#USDCHF, We are before a serious declineThe candles are located under the Ichimoku cloud.
The candles are placed below the average moving lines 100, 200.
The USDCHF broke the support line by $ 0.9656
All signs show a continuing weakening of the USDCHF so our recommendation will be Sell.
Target: 0.9340
USDCHF Market Outlook | Daily Forex Market BreakdownUSDCHF
The Swissie is Looking amazing. As previously anticipated we have pushed to the downside nicely but now support seems to be holding very well. I like how this looks a lot. Possible trades soon but I believe we shouldn’t get in yet we need to remain patient and wait for a clean entry.