USDCHF LONG IDEA

The swissie has broken back above a key pivot level 0.8700 which is currently providing support. We can see a bull flag pattern developing and suggesting that we could see continuation higher on what appears to be a retracement rally.

I believe we will see 0.9000 once again where we can look for shorts. For now. I'm looking for an entry around 0.8700 (last weeks low) for a decent swing into 0.9000.

6R.

Let's see how it plays out.