One Hell of a melt down coming for the USD/CHF currency pair!

If you look at your weekly chart you can see that in the past this currency pair has only reached the 1.02 - 1.03349 range about 5 times in 7 years and if we go off of the historical data you'll see the trend of the rise and fall of this currency pair between the higher highs and the lows of 0.99 price range. I believe we're going to see one hell of a melt down within the current month or so and I'll be making my exit at the 1.00315 area.

Comment:

USDCHF has broken through it's support of 1.017 and is currently moving downward. This trade is going as planned for now sitting right at the 1.014 area we expect a slight pullback before continuing it's descent into the 1.01 and down into the 1.008 price range. Currently my Take Profit is set around the 1.017 range but i might adjust this depending on how the market is acting.

Comment:

Take profit hit @ 1.0079