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