USDCHF With an Excellent Sell Setup

FX:USDCHF   U.S. Dollar / Swiss Franc
The picture explains exactly why we are selling.

We do however need to break and close below the 13EMA on 4H to confirm this breakout.

A video is coming!

The daily had a decent rejection yesterday of the support turned resistance, momentum can remain bearish here for the day.

The 4H we had a major breakout of the contraction, we are below the support level and the 13EMA and we are probabily going to go test 38.2%

On the 1H we are forming a possible bearish continuation and using 13EMA as a support... further more the DC/EMA combo crossed over.

Comment: Double top formed! we shorted a little more here!

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