The Swiss Franc.
Good evening all,
Tonights chart of the CHF, I last mentioned on the 20th of January, for a possible long and did in fact continue up for some 500 pips or so of which I hope you managed to get some.
However since about the 19th of February this pair has declined and is now possible coming back to test the V.I. clustering with a breather level, former S and R and a strong RN, before possibly resumming the northward climb.
An added confluence is the GetStochastic which is currently in OS territory with false bars to the upside.
All in all confluences are favouring the upward movement but remember to plan your entry,as the downward fall may go a little further toward the V.I. as mentioned and even continue south.
As always please ensure to do your own analysis before taking any trades.
Charts courtesy of AdvancedGet.