USDCHF - Bearish trend to continue further?

PAIR IN FOCUS: USDCHF
ACTION: SHORT
HORIZON: SHORT TO MEDIUM-TERM

With DXY facing some bearish momentum last week, we may see it continue in the coming week. Looking for a better R:R for the SHORT set-up with a retrace, retest and rejection off the S/R level. Also watch for bearish price action before any entry. If price rockets through the S/R level, this set-up will be invalid. If TP 2 hits, we want to be careful with shorts as it is a critical zone and price could rebound from there.

The TP levels and Stop Loss are indicated on the chart. Remember to manage your risk!

Feel free to discuss and comment, Cheers!

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