FX:USDCHF   U.S. Dollar / Swiss Franc
Hello and welcome to my Trade Idea of the currency pair USD/CHF .

Lets start with the Top Down Analysis.

Monthly: The monthly candle 3 months ago breaks the previous lows and that's a bearish indicator.

Weekly: The weekly timeframe is in a nice downtrend.

Daily: We see on daily a pullback to the upside.

H4: We draw on the h4 timeframe the counter trendline and wait for a confirmed breakout.

Have a nice day.
Banks added 5K longs and reduced shorts during last week we will might see break higher

Nice analysis Im already in the short too
DaweFXHunter DaweFXHunter
@DaweFXHunter, Target 1 reached. Im out.
+1 Reply
@Ali-wave, thank you.
Agreed , but CHF is struggling to get through this trend line , if it break the trend line it will go short .
+1 Reply
@SobanShah,The trendline is already broken.
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