ECB meeting caused a breakout for the otherwise sideways trending Dollar Swiss.
The downside is now open with an opportunity to enter short via a 4HR candle entry on a pull back to the 31.80% fib level (0.98893) or a re-test of the short term trend line.
My entry criteria is an exhausted re-test or the stated fib level or trend line. Two target zones are present which are the longer term trend line around (0.98000) and further down to the previous low at the 100% fib level (0.96623).
The downside is now open with an opportunity to enter short via a 4HR candle entry on a pull back to the 31.80% fib level (0.98893) or a re-test of the short term trend line.
My entry criteria is an exhausted re-test or the stated fib level or trend line. Two target zones are present which are the longer term trend line around (0.98000) and further down to the previous low at the 100% fib level (0.96623).
