Chart analysis USDCHF – bearish for the week of 20 AprilUS Dollar vs Swiss FrancICMARKETS:USDCHFTranquilo1154I have highlighted a significant support / resistance zone that has been in play recently. Very recently (note the 2 consecutive daily bearish candles) price broke below this zone and also retested it (via. the 2 consecutive small bullish candles). Price also broke below the last low and now we have a lower low. We also see a series of lower highs. To add confluence, price is now below the 50 ema and my bias is now firmly bearish. To take a closer look, let us also examine the H4 chart. Essentially this chart shows exactly what we see on the daily chart (so does the H1 chart). When all these charts say the same thing, it adds to my confidence in the analysis. Trade parameters These are times of fake news and a high level of market manipulation. Trading with smaller position size and giving extra space for stops is recommended. Gaps are regularly seen and anticipating the market open and initial moves is impossible. However, the following scenario would make sense: Entry – I will look for a retracement towards the zone and some evidence of bearish follow through to take short. Stop – as shown, above the nearest major swing high (and the s/r zone). Target(s) depend on the trading style, but I have marked a few options. I would stay flexible and remain open to taking profit and re-entering if price action confirms a continued move. General comment Nothing in trading is ever 100%, so please allow price action to fully develop in your desired direction before executing a trade. This is not a trade recommendation