USDCHF on the way to go above 1.0 once again
USDCHF is on bullish trend since mid February. It formed double top above 1.0 and then went down. When U look at the chart it seems like that any short attempt for this pair is stop by strong bullish movement. I market on the chart inverted H&S formation plus double bottom which is holding pair above one of the Daily GAPs. To me this pair is preparing to go above 1.0 level and reach another highest high which is around 1.0333.
I would consider this trade as the mid/long term with quite nice risk/reward ration close to 3:1.
I would consider this trade as the mid/long term with quite nice risk/reward ration close to 3:1.
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