Inside technicals and chart patterns by 
With the U.S. Dollar Index trending lower today on renewed equities strength, there is a downtrend on the USD/CHF as the franc gains on the dollar. The overall downtrend sets up a nice swing opportunity if the lunchtime doldrums can trigger some intraday profit taking and allow the Dow to pullback and the Dollar Index to bounce.
The 39 minute char is offers a more shallow retracement to trigger a swing short at the 34ema low and/or the downtrend line of the falling wedge. This would be the entry zone. The short would be valid as long as prices stay within the Wave and below the 34ema high.
The 60 minute chart would trigger short entry well before it’s 34ema low as the downtrend line of the pattern is lower and closer to current price action.
Notice that the pattern is the same on both chart because they share the same touchpoints so the main different between the two set ups is the 34ema low.
The swing short is valid as long as the market cycle on these time frames continues lower in a mark down cycle which means a four to six o’clock angle within the market lookback.
These charts were created with MT4 running the Autochartist plug-in.