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NestEggFX

USDCHF - S&R - 200 EMA

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Dólar Americano/Franco Suíço (FX:USDCHF)  
NestEggFX  
FX:USDCHF   Dólar Americano/Franco Suíço
USDCHF usdchfanalysis usdchfshort short Support and Resistance support Exponential Moving Average (EMA) nathangouge
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usdchf usdchfanalysis usdchfshort short supportandresistance support ema nathangouge
Been trading this down trend recently. I believe it will make a retracement which I will be trading before the eventual move down.

You can see the HH's and HL's and just broke through the 200 EMA on the daily (right) to confirm the downtrend.

Currently at previous support where I believe price will bounce back up to test previous support, (red line) now resistance, before continuing the down trend.

1st trade - retracement to previous support, now resistance
2nd trade - trend continuation to the downside

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