LOOKING OVER THE SHOULDERS OF SWISSY | USDCHF(4H)

Tendency: Temporary Downtrend (Bearish)
Structure: Head and Shoulder
Observation: i. The 0.98500 resistance zone was slightly broken with around 15pips on the 18th of October 2019 inciting a possible break anytime soon.
ii. Expecting a temporary downtrend before the rally up.
Trading Plan: SELL at breakout of 0.98500 zone with potential TP1 and TP2 (155pips) and SL @ 0.99100/0.99400 zone.
Risk/Reward: 1/2.5
Potential Duration: 2 to 4 days

** Please note that Stop Loss is subject to individual risk appetite per trade and account size.



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