Last Friday prices did a nice false breakout at the major resistance level 1.0796, closing the day with a Shooting Star formation, and also closing below the 150.00% fibo projection at 1.0782.
These are all very good reasong to go SHORT at CHF but notice that prices are already outside a major Bullish channel. So patience is the key here.
I´ll enter SHORT only if next Monday starts with a Bearish day and my entry points will below 1.0718; 1.0700; 1.0677 and 1.0640. All these will have tight stops and their LIMITS will be 1.0510.
