#USDCHF, strong bull in Week 17, expect a short Week 18

USDCHF made a very strong bull movement for the past two weeks and I personally suffered some losses by going short on them, however, I am glad I avoided them completely in Week 17 since it showed that it is going to extend its bullish movement.

I am away for the weekend of Week 16, thus, I did not make any update. However, I am still trading the market, so I am here to present the analysis for Week 17!

Towards the end of Week 17, USDCHF got into a consolidation phase which showed that the bull is now having some trouble to continue its movement.

USDCHF has made about 7 levels of bullish movement according to the analysis, and they do not seem apologetic at all! However, it seems to have stalled a little by the closing of Week 17, and it is currently staying at a new multi-week high.

The H1 analysis points towards a short in the coming week and I will be doing just that since I have found the pair to be over-extended now.

However for traders trading USDCHF, you guys still need to be careful of the potential loss that it might bring. For me personally, I will be entering short in Week 18! I hope all traders will continue to make a good profit from the market in Week 18!

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