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RhysFX

USD/CHF SELL BIAS (ENTRY UPON BREAK BELOW LL AND NEW LH)

Short
Dollaro / Franco svizzero (FX:USDCHF)  
RhysFX  
FX:USDCHF   Dollaro / Franco svizzero
Trend Analysis Beyond Technical Analysis Chart Patterns usdchfsell usdchfshort SELL signal downtrend
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trendanalysis beyondta chartpattern usdchfsell usdchfshort sell signal downtrend

My BIAS for USD/CHF for the upcoming week is mainly SELL.



My reasons behind this are

-We can see previous Lower Lows & Lower Highs with lows breaking below our most previous Higher Low.
-We will be looking now for price to break our previous LL for a 1:3 RR trade & then form new LL and LH then entering again with a 1:3 RR trade at our new LH.


•I will not enter this trade until I see a break below our previous LL & then a perfect FIB retracement of either 61.80% or 78.60% from current LH to our new LL, with a strong rejection candle.



•I am aware price could in-fact reject our previous LL & also Daily Support and shoot up towards our previous LH at 0.98750 or even higher to our Daily Resistance.




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