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MightySunfish

USDCHF Reversal Trade Coming?

Singkat
Dolar A.S. / Franc Swiss (FX:USDCHF)  
MightySunfish  
FX:USDCHF   Dolar A.S. / Franc Swiss
USD (US Dollar) Forex short shortsetup trading long-term medium TERM 4hr 4hour 15 15min Daily Charts
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usd-us-dollar forex short shortsetup trading long-term medium term 4hr 4hour 15 15min daily
snapshot

We have entered an area that I have identified as being an area of over-supply, and of course when supply exceeds demand, prices drop. There is bearish a trend-line forming from the top of the major drop back in Feb to the two recent peaks. I think it is now time to watch the 4 hour charts for bearish entry opportunities.
snapshot
4 hour shows consolidation around this area and while it is possible it will trade higher, I think we are due for a swing back south.
snapshot
15 Minute shows 2 recent peaks around the .9760 mark, which is where I will be looking for an entry if it gets back up there.

Profit targets 9600 and potentially 9400
Penafian

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