USDCHF - Long is the trade, but try to catch it lower
USDCHF defenately had the reversal. By now it trades above the Kumo cloud on the daily chart. Very likely it had the double bottom in, but short term it has become a bit overbought: Slow Stoch is extremely high and turning down again. Friday is a long body reversal candle too, which indicates the quick and early bull may have some rest before the longer term bullish trend could accelerate further.
If I am right, then we may see a pull back to ard 0,8850 - 0,8860 level (daily Kijun Sen and Kumo bottom + 4 Hrs Kumo support there). In case the bullish momentum gains from there, we can focus for the break of the 0,8965 resistance, which would open the space for the 0,9200 and/or 0,9400 targets.
Startegy: Try to re-buy USDCHF in 0,8830 - 0,8860 range, with stop below 0,8790.
If I am right, then we may see a pull back to ard 0,8850 - 0,8860 level (daily Kijun Sen and Kumo bottom + 4 Hrs Kumo support there). In case the bullish momentum gains from there, we can focus for the break of the 0,8965 resistance, which would open the space for the 0,9200 and/or 0,9400 targets.
Startegy: Try to re-buy USDCHF in 0,8830 - 0,8860 range, with stop below 0,8790.
