…if so, time to jump on the correction higher as prices reach for the 20 period SMA. This rally has carried the USD/CHF to the 50% Fibonacci Retracement of the April 19 high to May 5 low.
This move is an aggro swing short and that means I will enter with less size than I would if the pair corrected higher to the 34 period EMA low. Considering the Expected Price Range forecast for this pair over the next 24 hours, I am satisfied with this near-term high and the aggro short.
Similar Posts:
- Corrections versus Reversals: A look at today’s EUR/USD move
- Higher Bounces, Deeper Pullbacks.
- Patience with the EUR/USD: Intraday Double Top to Swing
- EUR/CAD: Unfamiliar pair? Familiar set up…
- Here’s where the dollar’s rally ends.
