TheDailyTrader_FX

USD/CHF 4H Bearish Crab @ MAJOR Structure level

Short
FX_IDC:USDCHF   U.S. Dollar / Swiss Franc
Following break of bearish channel pair is targeting major structure level, at 1.00500, that has been respected number of times in the past. Below that level pair is potentially forming Bearish Crab pattern completing right at 1.00500. Setup is meeting my trading and risk managment rules, and will be entering this with a limit order as cab patterns tend to be very distinct on this particular pair. ATR based stops +10pips.

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