here i have 5 reasons to short usdchf
any feedback would be appreciated
1) Price at a previous structure, support miight act as reistnace
2) Upper trendline
3) Price retraced to 61.8 which not only a a previous support but might also indicate an abcd pattern in the making
4) The target of the potential abcd pattern is also a previous fresh demand
5) target for the completion of the pattern is also a 1.27 fib level.
any feedback would be appreciated
1) Price at a previous structure, support miight act as reistnace
2) Upper trendline
3) Price retraced to 61.8 which not only a a previous support but might also indicate an abcd pattern in the making
4) The target of the potential abcd pattern is also a previous fresh demand
5) target for the completion of the pattern is also a 1.27 fib level.