Today’s session has brought serious bullish heat to the USD/CHF. Price has steamrolled through the Triple Top Pattern (.9985-.9990) and appears poised to challenge yearly highs. A short from the Triple Top Pattern/Yearly High (1.0056) is a likely profitable trade.
Here it is:
1)Entry: Sell 1.0049
2)Stop Loss: 1.0077
3)Profit Target: 1.0021
4)Risk Vs Reward Ratio: 1/1
Here it is:
1)Entry: Sell 1.0049
2)Stop Loss: 1.0077
3)Profit Target: 1.0021
4)Risk Vs Reward Ratio: 1/1