USDCHF sell the break

FX:USDCHF   U.S. Dollar / Swiss Franc
144 1 4
Although the USDCHF             is very comparable to the EURUSD             I like this pair even better. The previous move lower is impulsive and the current price action is corrective. This sideways price action can also unfold into the shape of a leading diagonal but that's not my preferred scenario for now.

I will watch for the break and will update this pair this week. The minimum target for a short will be at least 0.98 but likely even lower.


Nice chart. Thanks.
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