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jrashaadtrades

USD Rallying Against Swiss. Current Trade in Profit.

Long
U.S. Dollar / Swiss Franc (FOREXCOM:USDCHF)  
jrashaadtrades  
FOREXCOM:USDCHF   U.S. Dollar / Swiss Franc
Trend Analysis USDCHF usdchfanalysis usdchflong usdchfidea usdchfprediction usdchftrade USD chf LONG
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trendanalysis usdchf usdchfanalysis usdchflong usdchfidea usdchfprediction usdchftrade usd chf long
Last Friday (Yellow Triangle on chart) I pointed out that I thought the Franc would yield up some turf to the Dollar, which seems to be the case this week. Right now the Dollar is testing recent supply area. I've drawn in a new support trendline, but the Swiss is a hard nut to crack. Price action will need to close above area of supply resistance. If that happens I'll be adding in an additional lot or two. I'm currently LONG from 0.93878 with Target 1 @ 0.97275 but will take 0.968 as a more conservative target if momentum starts to dwindle.

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