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USD/CHF Screams Towards 7 Month Trendline

USD/CHF Screams Towards 7 Month Trendline

2015-10-22 19:16:00
Jamie Saettele, CMT, Sr. Technical Strategist
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USD/CHF Screams Towards 7 Month Trendline

Chart Prepared by Jamie Saettele, CMT

Automate trades with Mirror Trader and see ideas on other USD crosses

-The most recent remarks were that “contracting trade since March may compose a triangle, in which case USD/CHF will trade down to .9215-.9400 before finding support. The triangle line is near .9380 over the next few days.” USD/CHF ended up finding support above the ‘ideal spot of .9380 and is again approaching triangle resistance. A break above would signal that a major move higher is underway.

For more analysis and trade setups (exact entry and exit), visit SB Trade Desk

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