[Market Breakdown 3] USDCHFUSDCHF was sitting at a very clear Supply & Demand zone, acting as support since September 2011 on the Monthly chart.
This was our first indication for a possible Long set-up.
Another indication is the -27 Monthly Fib completion, which means price can reverse heavily as banks/institutes take profit at these levels.
It seems like it did reverse so let's take a look on the lower time frames to see what's going on.
Of course we want some DXY strength for a long position on USDCHF.
