FX_IDC:USDCHF   US DOLLAR / SWISS FRANC
18 0 0
Hello so more than a couple trading scenarios presented themselves to me
i couldnt really fit all in one without making it too clumy so had to break it down in two charts instead
so on chart 1 i have a couple of wedges all signifying downtrend
last week usdchf             broke a channel that was going on since june and might further go down by the looks of it
it all depends on whether the trendline can hold or not
any break to the downside can take the pairs to further lows around 0.791 and maybe even to 0.72
both of these are long term scenarios
Now moving on the second chart
We can see that there are two very good channels
first one since march of this year and the seonc one since june
it seemed as if the both the channels broke down towards the bottom but could only retrace to a 61.8 which could signify further move north possibly towards 1.02
i would just wanna sit on the side for this pair and see how it plays out the next couple of weeks
Best of luck and any feedback would be appreciated
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