Here we have USDCHF
, a pair which i have been watching closely for the last couple of months with its correlation with EURUSD
, AND USDJPY
. I have currently been scalping scaling in and out of position and has decided to look for an opportunity when another bullish
run may appear, i have identified a structural breakout which needs to appear, and for USDCHF
to close above 0.5% (0.99583 area) where i will be taking my long position HOWEVER, price failing to do this may just be signs of retracements and the overall trend of the pair may still be bearish
Good Luck and have a good weekend.
Any feedback will be appreciated.