After a massive drop USDCHF is about to reverse. Price is moving into a descending channel and will probably make one more down move to test the lower bond of the channel if it breaks the small correction. This may be a good short term trade. Our main trade though should be a buy after price breaks above the channel. We should then watch for a buy setup and go long with USDCHF.
Comment:
Price broke above the upper bond. Watch for a buy setup..
