memit

USDCHF Short Daily/ 4 hour

Short
memit Updated   
OANDA:USDCHF   U.S. Dollar / Swiss Franc
This is a a short on the USDCHF. Price has bounced off a strong weekly resistance level and made quite a sharp move down on the daily. Price pulled back into a the emas and daily resistance and has now broken the trendline on the 4 hour. Entry would have been on the first 4 hour candle that broke out of that trendline.
Comment:
This short is still valid. Price is now retesting the 4-hour trend-line and printed a 4-hour complex pullback. May drop from here Monday/Tuesday.
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