USDCHF currently running 20+ pips, reversing off the trendline

11 בפבר׳ 2020

USDCHF daily closed on a good note, staying under the trendline with two pins to the trendline. A key thing to note is pairs like EURUSD, GBPUSD, and USDCAD moved a lot for the past trading while USDCHF just stayed put...BECAUSE it very likely wants to SELL. We'll enter and see how the trade develops over the next few days.

USDCHF SELL
Start: 0.97700
stop loss: 0.98111
take profit: 0.96368