We have witnessed some downside movement on this pair and just printed a reversal candle at a major level and hence we anticipating a trend reversal. I'm expecting CHF to weaken over the comning weeks and that should also help the cause.
I have gone long on this and marked the tp and sl for you as well.
Let me know your thoughts.
Trade safe and good luck.
USDCHF has made steady progress north for the last 24 hours but has now hit the top of the existing channel. With RSI readings becoming stretched, the signs are that this channel may hold the price and we'll see a move south. USD/JPY has sold off steadily for the last 2 hours and possibly USD/CHF will try and catch up. I'm in at .9759 with a STOP above the...
On the H1 chart we can see a really nice trend line that dates back from the 1st of April. This line has been significant for the last 17 days so the question is - will this line hold and repulse the BEARS. My guess is no.
Not with WR1 so close. WR1 will be targeted by the BEARS and my guess is that they will wait there to lay their ambush. Its only 30 pips from...