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kaiserace13
Aug 27, 2015 11:05 AM

USDCHF continue to form lower low? Short

U.S. Dollar/Swiss FrancFXCM

Description

On 4H TF, USDCHF seems to form a sequential LL-LH-LL-LH. After dropping to support level formed since May last monday, the pair capable to rebound until resistance level showed in the box. Now, the direction is either the pair break the resistance and move to 0.96 or the resistance level hold and the pair forming another LL.

TP 1: 0.9310
TP 2: 0.92
SL: 0.9615

The pair waiting for US data and/or maybe jackson hole.
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