Fxprotrader

USDCHF A Long And A Short Opportunity

FX:USDCHF   U.S. Dollar / Swiss Franc
In my previous post on USDCHF             i described the potential sell of which finally happened (see link below). Price dropped till the median line of a descending pitchfork , and looks like it was rejected for good. Although it's a counter trend, watching for a buy setup at the current level to complete is not a bad idea. Price should correct and this level may be the starting point. Our main view is bearish , with price reaching the 0.618 fib level of the bearish impulsive where most likely will retest the upper parallel of the median line .

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Is this trade active? - Long position to 0.382 resistance? .. thanks
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I have no setup yet..
+1 Reply
Dguaman Fxprotrader
i though the same, waiting for the Buy signal >.< ..
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