USDCHF - SELL - CONFIRMATION VIA BEARISH CANDLE
USDCHF -
Keep an eye out for the bearish candle to form, which can indicate the downside to approach.
Overall, the set-up looks perfect but all we need is confirmation. Fib Gold ratio @ 62% with Fib retrace @ 38%. Previous resistance touched and dropped back down, forming co-current trendline.
Fundamentally speaking... The Interest Rate Decision is on Wednesday which is highly volatile news.
Keep an eye out for the bearish candle to form, which can indicate the downside to approach.
Overall, the set-up looks perfect but all we need is confirmation. Fib Gold ratio @ 62% with Fib retrace @ 38%. Previous resistance touched and dropped back down, forming co-current trendline.
Fundamentally speaking... The Interest Rate Decision is on Wednesday which is highly volatile news.