Same reasoning as EURCAD
trade (capture possible drop
in price to 1.50 psychological support by end of trading week). Setting up short stop order with TP @1.50 and SL @1.5604. Must monitor this closely as well esp
since higher risk of getting whipsawed for this pair (1.55 is psychological resistant which makes the price "sticky" to it).
Confidence: C ( esp
overall sentiment on CHF is still bearish
and EUR's sentiment is affected by USD; must also close this pair before US NFP news tomorrow)