VasilyTrader

USDCHF: Structure Based Trading Plan

Short
FX:USDCHF   U.S. Dollar / Swiss Franc

hey guys,

USDCHF is on focus!

the price got rejected two times from 0.98 resistance forming a nice double top pattern.

0.9715 is our current structure support.
we will be waiting for a 4H candle close below that and then sell on a retest,
expecting the continuation to 0.964

also, note that bearish breakout of horizontal support will confirm a breakout of a rising channel,
it will increase our chances in making some money trading this setup.

in case of an occasional spike up with a close above current resistance, setup will be invalid!

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