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USD/CHF Double Inside Day; Ready to Rip or Slip

USD/CHF Double Inside Day; Ready to Rip or Slip

2016-02-02 20:33:00
Jamie Saettele, CMT, Sr. Technical Strategist
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USD/CHF Double Inside Day; Ready to Rip or Slip

Chart Prepared by Jamie Saettele, CMT

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

-The most recent USD/CHF comment noted that “1.0212/40 (78.6% retrace and Jan 2015 high) is the next area that could derail the rally.” USD/CHF is having trouble at the mentioned zone. A double inside day indicates a tight short term consolidation that could lead to the next directional move.

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

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