Tradesmanship

(USDCHF) Daily - speculation & analysis

FX:USDCHF   U.S. Dollar / Swiss Franc
We have an on going wedge for the past year, I had earlier forecast a downfall in this pair which didn't happen. The downfall is still a possibility, if we break the yellow trend line , am expecting a drop to the bottom of the wedge . We can also head to "No man's land" in which we can hit the top of the wedge and come back down again, or break it and head up, if we do break it, I will wait for consolidation and buy long term.


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Comment: I placed a small short, with SL on top of the green line, you can do the same or wait for a daily close under the trend.
Comment: stopped out
Comment: no mans land has arrived...
Nice chart :)
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Tradesmanship lukelehepuu
thank you ;) happy pips !
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