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TheRavensForex

USDCHF Daily Sell - 4hr rejections may causes another wave

Short
U.S. Dollar / Swiss Franc (FX:USDCHF)  
TheRavensForex Updated   
FX:USDCHF   U.S. Dollar / Swiss Franc
Trend Analysis Chart Patterns Wave Analysis
1
0
trendanalysis chartpattern waveanalysis
USDCHF has formed two 4hr pinbars and finished with a bearish wick, indicating a strong possibility of a retracement down to the previous support level. It is important to manage the trade quickly in such a scenario.
Trade closed: target reached:
Closed with +1% :)
Comment:
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Ideas break out:
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USDCHF Daily Sell - Retrace day due to an overbought condition
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