USD/CHF - UP, UP... Then all the way to hell
I am not convinced that a lower high (LH) has been realized. Therefore, I am waiting for price to at least hit the 0.764 level before taking a short.
It's another 60 or so pip's between 0.764 and 0.886 levels. If 0.764 was broken, I would be keen to take another short there.
At this point, Dow Jones is still rising (See chart). Therefore, I have no interest in selling USD until Dow Jones creates another LH
Anything above 1.02567 would mean a significant trend reversal as a LH was already established.
USD get, get, down, down, down: youtu.be/dCe6e23yIT8
It's another 60 or so pip's between 0.764 and 0.886 levels. If 0.764 was broken, I would be keen to take another short there.
At this point, Dow Jones is still rising (See chart). Therefore, I have no interest in selling USD until Dow Jones creates another LH
Anything above 1.02567 would mean a significant trend reversal as a LH was already established.
USD get, get, down, down, down: youtu.be/dCe6e23yIT8
Comment:
Forgot to mention that 1.02567 is a LH and 0.96601 is a LL.
