USDCHF M SELL NOW!

HERE IS A INTRADAY SELL SETUP ON USDCHF. PRICE IS RESPECTING THE RESISTANCE AND HAS FORMED AN M, PRICE INITIALLY DID A FAKE OUT TO CUT THE SELLERS OUT AND HAS NOW FORMED A BEARISH ENGULFING ON THE 1 HOUR CHART. I'D EXPECT TO SEE THIS PAIR TO NOW MOVE TO THE DOWNSIDE. OVER 3.5 TO 1 RR FOR THIS SETUP AND LOOKS GOOD. LETS SEE WHAT HAPPENS.
Bearish EngulfingCandlestick AnalysisNOWSELLshortSupport and ResistanceUSDCHF

Disclaimer