SHORT USDCHF

4 Eyl 2016

Price is beginning to form a possible double top. If that's the case, I will monitor the price to see what it does once it comes out of the consolidation that is currently happening at the 76.4% Fib level. My 1st signal was triggered with a close below the 50 MA. If it continues in a down trend, I will open a short position taking 1/2 profit at the 61.8% Fib level and then again at the 23.6% level with a stop at the 100% Fib ratio in case of a false breakout into the supply zone.