Looking for an Inside Day Failure and targeting support lows.
Decent level with the 50% fib smack bang on the level.. D1 bias as well. However, I will wait and see what happens with the Aussie trade. It's basically the same play; USD strength. Tip: Do not take 6 different trades that are highly correlated. You will get your ass handed to you if the play goes wrong.
..
.. If we get there today, price will be past the day's ATR - adding extra confluence to the trade. We also have the 0.618 retracement coming in just above.
.. Will trade it on the hourly
Notes on chart
Same as the other CHF pairs mentioned.