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Snorkel_Sucker

USD / CHF Head & Shoulders : Continuation to Downside

U.S. Dollar / Swiss Franc (OANDA:USDCHF)  
Snorkel_Sucker Updated   
OANDA:USDCHF   U.S. Dollar / Swiss Franc
Trend Analysis Technical Indicators
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trendanalysis indicator
A head and shoulders formation on the H4 and H1 charts has formed. Looking for a confirmation signal of a continued downtrend in the form of a lower low lower close candle in the red kill zone. Targets set at a re-test of the previous low and a fib retracement used to determine a minimum of 1:1 risk reward.
Trade closed: target reached
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