USDCHF 11/4/19 Daily TF

USDCHF Short Idea

Higher timeframe analysis on USDCHF has been mainly bullish but we have been seeing a transition over the last few weeks

Rejection of a key monthly level and daily level around 0.99500-1.00200 has been confirmed and many bearish variations have been forming

We will look to short on a confirmed retest & rejection of the 38.2% or 61.8% daily fib level before targeting lower toward our daily support level and -27% daily fib around 0.98000