USDCHF - Daily Downtrend - Going short

By Sham_FX
Updated
Looks like it has come into the Golden Fib area and around the key level. Awaiting the rejection to be confirmed and looks like a good short to go for. I will check the 2 and 4 hour time frames for the confirmation and then go for the trade. Risk to reward is 1:4.
Comment
Not entered the trade yet, as there isn't a clear rejection. Most likely will not enter this one as it hasn't met my trading rules.
Chart PatternsTrend Analysis

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