USDCHF-two long term bulllish flags

FX:USDCHF   U.S. Dollar / Swiss Franc
443 10 10
After a bullish run this pair is clearly consolidating and forming a bullish flag .
This pattern usually suggests a trend continuation. MACD divergence shows a bullish pressure.
We can see two possible poles and two possible targest shown on the chart.
Its a good idea to take some profits near 1.000

let's take a long this week , look at the hourly chart , bullish divergence and a reverse head and shoulders . short term this week long usd chf . a counter trend trade. .
well , you said usually sugest a trend continuation , the trend is down, the up movement was the recovery after erasing peg but trend remain still down. that's my opinion .
FullTimeTrader AndreicaAdrian
Yes, loosing is part of the game, lets continue to look for the next setup...........
agree it was a gd RR thus i did enter since 0.95 was tested many times. Alas, weakness in USD overcame this one. However, long run this is still a good pair to long. Have you tried a bullish flag formation here since it is trading below 0.95 already. I will be very bullish if it can break above 0.97 - what do you think?
FullTimeTrader sugardaddyFED
Long term im still bullish but i will look for an entry near the current price, there are some harmonic patterns developing. The 0.97 level is too far for me... Look the EURUSD chart for clues, they are negative correlated. I will publish a post about this.
sugardaddyFED PRO FullTimeTrader
that will be much appreciated-new with forex-mainly a metal man
That's interesting how you are able to see bullish flags when this chart is the most USD-bearish pair of all the usd pairs.
Do you see what is on the screen or you see what you want to see?
fundamental let's watch the moves , alot of investors still buy the chf and negative news for the usd will buy more chf-s ... let's see