Reaction from FIB38.2 made shooting star on H1 and we entered sell position in USDCHF.
On H1 time-frame:
![](https://static.wixstatic.com/media/4683d6_c964e528d72e47ee91d6ade7310a9607~mv2.png/v1/fill/w_49,h_24,al_c,q_85,usm_0.66_1.00_0.01,blur_2,enc_auto/4683d6_c964e528d72e47ee91d6ade7310a9607~mv2.png)
On D1/daily time-frame:
It closed below trend predictor (red MA like line on chart) on closure of Sep 20 and remains well below. Target 50% of whole swing up on D1.
Risk: bearish setup fails if price erases yesterday's candle.
![](https://static.wixstatic.com/media/4683d6_bc9528e32a6b40f79242088a8e01f597~mv2.png/v1/fill/w_49,h_24,al_c,q_85,usm_0.66_1.00_0.01,blur_2,enc_auto/4683d6_bc9528e32a6b40f79242088a8e01f597~mv2.png)
Currency correlation: While USD-index rose today, CHF stayed stronger than all other major currencies like EUR, GBP, JPY etc.