As seen in a recent post of mine I am looking too short USDCHF. I did not enter the previous trade as I was waiting for a strong break and retest on daily before entry but I am still looking to short.
We are now retesting a broken weekly TL and are forming a nice bearish inverted hammer on 4H and if this closes I will be shorting to 0.9900 for around 80 pips. SL can be nice and tight at around 20/30 pips just above wicks and the 61.8% fib retracement from the previous bear run.
We are now retesting a broken weekly TL and are forming a nice bearish inverted hammer on 4H and if this closes I will be shorting to 0.9900 for around 80 pips. SL can be nice and tight at around 20/30 pips just above wicks and the 61.8% fib retracement from the previous bear run.
Trade closed: target reached:
TP smashed