After the this insane madness up move I expect a fall to 0.5 fibo area One confirmation is the fact that the RSI is overbought + it is that in a key resistance area . Takeprofit at 0.5 fibo gives us a nice risk:reward.
Trendlines and Resistance levels seem to hold Lots of buying pressure the last two days Overbought levels Even ran a bit higher to 0.68 instead of magic .50 but I'll short it
Long Setup - Small position RSI,Stoch and CCI Oversold
USD/CHF at 0.38 fibo Stop at 0.50 RSI and Stoch Overbought
Short
RSI Overbought Daily Trend still clearly short Lets go
Fib .50 reached. Week should start with a bounce up as the trend upwards is still intact
Uptrend not over Expect long movement