USDCHF is a pair that it correlates with EURUSD. Observe the correlation indicator, it shows EURUSD ready to turn bullish, as a result, USDCHF will turn bearish. We will wait for a downward break below the trend line, placing a SELL STOP order at 0.9905 risking aprox 50 pips and expect aprox 150 pips or more.
Trade closed: stop reached:
Hit SL -50 pips.