BombayBulls
Long

USD/CHF - Short Term Bottom - 4/8/2016

FX:USDCHF   U.S. Dollar/Swiss Franc
21 0 3
USD/CHF             tried downside several times this week and failed with good bounce from 0.9540 and 0.9520. With our today's negative EUR/USD             bias, obvious trade is USD/CHF             long. 0.9540 can be a good entry on retest or you can scale it in from here at 0.9560. Otherwise it needs to break 0.9580 and hold it as support. Let's see how that works out.
Comment: EUR/USD short with USD/CHF long is kinda concentrated position. And we don't like to keep risk in one basket. Taking this 15 pip gain and will try to manage the remaining position trading around 0.9560 entry.
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