pbmalla77

Update: Potential short term low at LTF!

Short
FX:USDCHF   U.S. Dollar / Swiss Franc
Price open and moved higher and found resistance at .95811 level around the weekly open. All the traders who went short at this level, where would they put they stops, i'm guessing right above this double top resistance area. Price moved lower and raided stops at previous week low. Price dipped 16 pips and moved higher. I believe the market will probe to move higher and target the clean double top area( red rectangular box) into 0.85883 level and move lower.
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