#USDCHF, bullish in Week 15, bearish for Week 16?

FX:USDCHF   U.S. Dollar / Swiss Franc
USDCHF continued its upwards movement in Week 15, dashing all dreams and hopes for traders with a short view of the pair (Including me).

I took a couple of losing trade with USDCHF and understand that it will no longer stay bearish and I exited with some losses. While the movement isn't earth-shattering, it is good to minimize floating losses.

The pair continued to break upwards to bullish level 4 and it formed a reversal pattern, H&S , which made this week's analysis a bearish one.

While the analysis showed a potential bearish move in Week 16, for traders taking short, it is good to set stop loss of some sort to prevent unexpected upward move again.

For Week 16, I am in line with the analysis to take a short view on USDCHF , thus I would be entering short again in stages.

If my analysis helped you in any way, I hope you can like and follow me on TV! =)
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