Longterm swingtrend idea on USD/CHF
As we know USD has been strong for all autumn and winter. Now with Trump in the office and uncertainty in markets we can expect big moves in both directions.
In current moment when writing USD is testing diagonal trendline and it looks like it can break at any moment soon.
Watch and wait for price to show what it wants to do. If it holds line and goes up wait for it to reach latest hights before shorts. But if it breaks wait for pullback towards trendline and sell.
In short term this can deffinitly play out. How far down we can go we don't know. So take out your positions and keep some contracts running with trailing stops.
In current moment when writing USD is testing diagonal trendline and it looks like it can break at any moment soon.
Watch and wait for price to show what it wants to do. If it holds line and goes up wait for it to reach latest hights before shorts. But if it breaks wait for pullback towards trendline and sell.
In short term this can deffinitly play out. How far down we can go we don't know. So take out your positions and keep some contracts running with trailing stops.
Trade active
Shorted at 0.90318. First target at 0.89645. If price go up will add more at last hights in anticipation for more drop.
SL 0.9300
Trade closed manually
Closed one position. Second position stil open with SL at breakeven. I have suspisions that price will go up again if break 0.90130Note
Second short position hit SL. Swaps take too much from this trade. No idea to stay in it. Will wait and see what prices do upcoming days. I may open shorts again. 
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.