LewisFXBlue

Potential Short on USD/CHF

Short
FX:USDCHF   U.S. Dollar / Swiss Franc
The analysis published is of the USD/CHF pair. The potential opportunity I am presenting is a short position. Why?
The thoughts behind it are the pair has been trading in descending triangle for a significant period, and now is
trading within a symmetrical triangle. The position will be taken once there is a confirmation of the breakout and re-test.
The lower timeframe will be used to find the best entry point for this potential trade.
Thanks for reading, hope this helps in any way.