Technical setup is bearish on this pair, however the prospect for the USD is one of strengthening so I would recomend waiting for a couple of confirmation candles. I think the price will struggle at this level for a couple of days.
USDCHF has a lot of ground to recover
1.05, 1.15 and eventually 1.30
0.99 is the first level to cleared for the rest to happen
This trade idea goes hand-in-hand with my longer term
gold sell.
Now, some may say - this trade will take ages so I wont even look at it now..and sure, it will take some time. But fair enough, you wait then and buy as the price gets...
