USDCHF SETUP FOR ANOTHER LEG HIGHER

Long

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

Updated

FX:USDCHF U.S. Dollar / Swiss Franc

trendanalysis chartpattern eurusd usd usdchf chf gbpusd dollar usdjpy eurchf audchf

Yesterday most of the USD pairs (Eur,Gbp,Aud,Nzd) broke to fresh highs, except UsdChf bears did not managed to break lower or attack the previous swing low.
I am seeing a good chance of a rebound in this pair, this is my edge for buying dips with tight stops.

Blessings to you all.

Comment:

Today i took a long position on the USD Index. I am not posting a new idea, because its relating to this one.
Its a counter trend trade, and quite risky, but it fits my criteria, risk can be the GDP release later on. Anyway i like the way the USD yesterday rallied, and i am now having a feeling that we might see some days of USD bullishness.
Stop is below recent swing low, and targets can be found around 94.30 and 95.00.
4H Chart:

Daily Chart:

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