AlkalineFX

USDCHF - Potential Trap

Long
FX:USDCHF   U.S. Dollar / Swiss Franc
Although the price from my point of view is moving within a range on the higher time frames, we can still look to trade opportunities on the smaller timeframes. If price breaks and holds above the structure marked, I will be looking for a buy position into the previous daily highs as illustrated.

COT Data - 76% Long

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