LOGIC BEHIND THIS TRADE IDEA
* Price reached to a high then made a significant drop, creating equal highs during consolidation.
* I expect the equal highs to be broken in a fake out for a liquidity grab, then i strongly believe price will fall.
* Price broke out of an existing trend line.
* The market has caught the attention of sellers, making it clear that price will go against the herd.
* Price is in a zone where it has reversed from in the past.
FX:USDCHF
LOGIC BEHIND THIS TRADE IDEA :
* I saw an order block up north from 1.29393 up to 1.30090.
* Price is at an area where it has reversed from many times previously.
* Price began to form a pennant on the 1 hr, 30 min & 15 min time frames.
![USDCHF: USD/CHF BUY * / SWING TRADE / \ 12th Dec, 2020 \](https://s3.tradingview.com/p/PZXBnKkG_mid.png "USD/CHF BUY * / SWING TRADE / \ 12th Dec, 2020 \")
![USDCAD: USD/CAD BUY * /SWING TRADE/ \ 12th Dec, 2020 \](https://s3.tradingview.com/b/B3GTXwUm_mid.png "USD/CAD BUY * /SWING TRADE/ \ 12th Dec, 2020 \")
