USD/CHF | Sep 13, 2019

On H4 time-frame of USD/CHF:

1. USDCHF made a bigger and faster downward move than previous downward swing.

2. Although price had closed above top of previous swing down and previous bearish setup had failed, it could not stay above trend predictor and closed back below it within 3 stagnating tiny bearish candles. It suggests that bulls are exhausted.

Target 78.6% of last swing up on 4H time-frame.

Risk: If H1 candles close above yesterdays's high, bearish setup will fail.


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