Thursday 6 July 2017

Looking for short at USDCHF

USDCHF in daily timeframe. Price is now in a downtrend. It's also in a downtrend in the weekly timeframe.

Lower time frame MA nicely condensed and formed a shooting star exactly at 61% fib level. The body of the candle resides on a strong support/resistance level which is now a resistance. If the level can resist the price from going down in the current daily candle then it should be a short signal for me. I'm following it.

Safe trade...

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