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IvanLabrie
Oct 21, 2016 1:28 AM

USDCHF: A lot of room up there, right? Long

U.S. Dollar/Swiss FrancFXCM

Description

USDCHF has a very strong explosion pattern setup, a 'Time at mode' trend signal like the one I recently posted in the Nikkei. The quarterly chart has a potential 15 quarter uptrend which will confirm by the end of the year if we don't retest 0.9580 by then. We can take a long term position risking a drop to 0.9761, and a shorter term trade with bigger size, aiming to capture upside to 1.1080, with a stop at 0.98747.

Good luck!

Ivan Labrie.
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