I took a couple of losing trade with USDCHF and understand that it will no longer stay 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 level 4 and it formed a reversal pattern, , which made this week's analysis a one.
While the analysis showed a potential 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! =)