USDCHF: You get another chance to buy it !

FX:USDCHF   US-Dollar / Schweizer Franken
Hi guys,

The pair is trading in a channel right now.

I am expecting it to reach the top of the channel and eventually break it to the upside.

Trade with care.



Kommentar: I like this bullish candle on the weekly...

Will definitely add more USD longs next week.



Kommentar: In a continuation pattern, expecting the breakout this afternoon

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@SwissPips Trade Still Active? USDCHF going down? i follow your give me advice to hold or exit. Thank You!
SwissPips sirisaraweb
@sirisaraweb, yes I m still in big buyers supporting these levels
Thanks bro what would be your sl if u had one
Yeah still valid. He draws the chart in a hurry, no offence :p
@fakhan, sorry?
fakhan SwissPips
@SwissPips, I meant to say your lines are a bit out of order. Anyway, doesn't matter now. Trade invalid right?
@fakhan, it depends on the pattern you see, it's all a question of point of you. No for me the trade is still valid. Let's see how London opens
fakhan SwissPips
@SwissPips, The price is out of the channel. Why do you still have the trade on? I mean I certainly believe that USDCHF is massively oversold right now but hey I'm not going to fight the market. If I'm wrong, I'll just exit the trade and get on the next one. Still, I'd love to hear why you have the trade on, maybe I'm missing something?
@fakhan, because the pattern has slightly changed since I posted my idea. I believe the top of the channel is in progress but I see a rebound on the bottom, so for the moment I am keeping my position. Should price cross downwards the support I will consider closing my long trade.

fakhan SwissPips
@SwissPips, I see. Well, it went way below the trend line. That's usually a clear sign for me to stay away. No solid reasons for a strong dollar either. Trump doesn't want it strong before March. So considering the possibilities, maybe manipulation is at work and it certainly is risky to stick to your original assessment even when you have been proven wrong. Anyway, let's see how this goes.
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