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USD/CHF Meanders at Trend Highs

USD/CHF Meanders at Trend Highs

Jamie Saettele, CMT, Sr. Technical Strategist

Daily

USD/CHF Meanders at Trend Highs

Chart Prepared by Jamie Saettele, CMT

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

-USD/CHF pullbacks are becoming shallower. Such developments indicate a strong trend but also warn of complacency and the risk of a washout before the trend can resume. As noted previously, “USD/CHF has broken out from a 7+ month triangle. The triangle breakout objective is 1.1182.”

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

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