MightySunfish
Short

USDCHF Reversal Trade Coming?

FX:USDCHF   U.S. Dollar / Swiss Franc
snapshot

We have entered an area that I have identified as being an area of over-supply, and of course when supply exceeds demand, prices drop. There is bearish a trend-line forming from the top of the major drop back in Feb to the two recent peaks. I think it is now time to watch the 4 hour charts for bearish entry opportunities.
snapshot
4 hour shows consolidation around this area and while it is possible it will trade higher, I think we are due for a swing back south.
snapshot
15 Minute shows 2 recent peaks around the .9760 mark, which is where I will be looking for an entry if it gets back up there.

Profit targets 9600 and potentially 9400
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