On the other hand. USDCHF is holding well below the long term 200 days (that's why we dont recommend any long trades on the USDCHF for the coming days). The 50 and the 20 days simple moving averages are also confirming continuation of the the well establish . You should be however; alerted to the Pennet Pattern which is emerging on the 30M Chart. Which might break down in the direction of main on .
CONCLUSION: As per above general ; Only Short trades to be considered following completion of any counter trend rising correction on the 30-minute chart. (Note: This conclusion is only valid as long as price is holding below the 200 periods simple moving (red dotted line) average the on the 30-M chart ). For the final Short entry signal please watch for the coming vertical Key Time Reversal Zone on the 30M chart (as presented on 30M chart below)
(c) This pair review has been published by TFF ( TM ) Forex Scanner Analysis team https://trendfollowingformula.com on Friday 2016.07.29 19:30:30 ( GMT ).