#USDCHF Trend Continuation Setup #forex

3 thg 8, 2017

USDCHF has burst up in a correction and then formed a range top. We have a butterfly pattern setting up to complete near the top of the range, this is a good opportunities to set sell limits to sell the butterfly and have stops tight behind the range top. The target could be as big as the previous low but it is 80 pips to the first big support and this pays off over 1:6 so this is where we are aiming for, if we break there, we can always look for a trend continuation retest of the break to sell again.