USD/CHF (A Swing UP to find sellers is in progress)

View On USD/CHF (21 Nov 2022)


We have a strong sell down on USDCHF last 2 weeks ago and it went lower the previous swing of 0.94 (of 12 Aug 2022)
That move shall trigger a lot of buyers' SL and bagged in a lot of new short positions.

Now, they are trying to reverse it up and likely to retest higher.

I reckon 0.965 to 0.97 shall be easily reachable.






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Trade closed: stop reached:

Stopped Out.
Will re-eval.