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Cas4xx

Continuation of the trend... USDCHF Short (on screen analysis)

Short
U.S. Dollar / Swiss Franc (FX:USDCHF)  
Cas4xx Updated   
FX:USDCHF   U.S. Dollar / Swiss Franc
Support and Resistance Trend Lines Pivot Points USDCHF usdchfshort usdchfanalysis usdchfidea usdchftrade usdchfsell usdchfforecast usdchftrend usdchf4hrs
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supportandresistance trendline pivotpoints usdchf usdchfshort usdchfanalysis usdchfidea usdchftrade usdchfsell usdchfforecast usdchftrend usdchf4hrs
USDCHF is in a Down trend and made a Lower High last week. Price got rejected around 0.95500 and now we wait for the Counter trend to break. I suspect Price to make a Lower Low around 0.90700 which is an old Weekly Support and Resistance level from May 2015.

Trade with patience. I will keep you posted!
Comment:
Today price made a higher high which is a continuation of the Counter trend. I will wait untill I see a change in the Counter trend pattern, which will be either a break of the Counter trend line or a Lower high followed with a lower low.

Be patient and opportunity will come to you!
snapshot
Comment:
The Counter trend made a higher high once again due to US Dollar strenght. I still think Price will drop down, but we have to wait a little more to have a good window to open a trade.
Comment:
Due to US Dollar strength price moved up and even broke the overall Down trend for a minute. I have hold back from this pair, because there are a lot of new opportunities coming.
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