USDCHF Short (125 Pip potential)

2019-11-15 10:44:07


USDCHF Looking to short it at a .50 pull back of this current down move. We completed a flat correction pattern after a new low and .9970 has been acting as strong resistance. There is a lot of volume in the red zone. I'm looking for this volume to act as resistance...specifically at .9925

My entry triggers are harmonic patterns . I enter them in these zones and then I hold them for the bigger target.

My target is .9800 not just because it is a whole number, but it would play out as a bigger butterfly that completes at a .618 Pullback, I expect profit taking to happen here. Once again this yellow zone is the next level where there is volume I'm looking for price to hunt that liquidity down.

We need to see how price looks going towards the red zone, I want it to struggle to hit it, I'm looking for a weak 2-3 day rally.