vikinsa

#USDCHF Prev Pattern (Long) Creating Another Pattern (Short)

Long
SAXO:USDCHF   U.S. Dollar / Swiss Franc
USDCHF as we observed (see related idea) had a pattern completion and we went long in the anticipation of 38.2 Fib level which has not reached yet. The market has created a 50% retracement and now could be forming a bearish at pattern completing right where we have our long position target i.e. 38.2 (0.97917). We can add to the long position when 0.97438 is broken or we can plan a short position again from 0.97917

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