USDCHF (Time for an upside move)

Long

U.S. Dollar / Swiss Franc (OANDA:USDCHF)

OANDA:USDCHF U.S. Dollar / Swiss Franc

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Price for USDCHF has been in a downtrend
for several weeks and a pullback is long overdue!

The break out from this descending channel ( bullish )
marks the start of a long-waited retracement to the upside!
It would be ideal entry if the price could pullback
to the trendline area and form a bullish flag pattern!

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Comments

Entered long @ 0.90581 with 20 pips SL after 4 rejections on the 15min chart. Monitoring for the upcoming close of the 4hr (1300 EST) for further confirmation.

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Currently looking to see if the candle closes with a rejection of the daily low and the previous low.

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Waited patiently. Now monitoring for best entry. Thank you...your teaching methods are very appreciated.

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