USDCHF: The daily chart is in a bearish trend as we have placed a fib and the pair is looking to continue to the downside just what we want. The 2 hour chart has the last 2 candles bullish and that is a good sign as we want the pullback so we can short this pair. The 1 hour chart is very nice it has bounced off the ABCD fib od the B level at 0.9070. The AB boundary is a at price level at 0.9130 and we are looking for a pull back to C at a fib like the 61.8 and then go short to the D extension. The 15 minute chart is at a prime position as we have an ABCD and price now is at the C pullback at the 61.8 fibb , now we are looking for the bearish candle formation to take our short to the D extension at price level 0.9050.
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