USDCHF With an Excellent Sell Setup

The picture explains exactly why we are selling.

We do however need to break and close below the 13EMA on 4H to confirm this breakout.

A video is coming!

Comentário:

**USDCHF SELL UDPATE**

The daily had a decent rejection yesterday of the support turned resistance, momentum can remain bearish here for the day.

The 4H we had a major breakout of the contraction, we are below the support level and the 13EMA and we are probabily going to go test 38.2%

On the 1H we are forming a possible bearish continuation and using 13EMA as a support... further more the DC/EMA combo crossed over.

Comentário:

Double top formed! we shorted a little more here!