USDCHF: Shorts in Play
Yesterday I wrote about the EURUSD, that it just broke a long term resistance level and got out of the range it traded for more than 2 months. Well, the same happened to the USDCHF, it broke two long term support levels and it is also trading below the range it traded for more than 2 months. Take a look at the next chart:

Now, the next long term support level is around 1.0172, the market right now is trading at 1.0426, this means we have a long way to get there, so fasten your seatbelts :)
My Trading Plan:
As long as the USDCHF keeps trading below 1.0447 I will be looking for short opportunities and will set all my take profit orders above the next long term support level at 1.0172
Good luck
Raul Lopez