Apparently the CHF did a major pullback to the support zone 1.0650 just to continue it´s Bullish move.
But any 1-Hour candle closing below the suport levels 1.0637 / 1.0626 / 1.0606 and specially 1.0515 will negate this current Bullish momentum.
So caution will play a major role this week. My strategies will be:
* LONG above 1.0675 with STOPS always below 1.0637 and LIMIT 1.0875
* SHORT below 1.0637 with STOPS always above 1.0675 and LIMIT 1.0550
But any 1-Hour candle closing below the suport levels 1.0637 / 1.0626 / 1.0606 and specially 1.0515 will negate this current Bullish momentum.
So caution will play a major role this week. My strategies will be:
* LONG above 1.0675 with STOPS always below 1.0637 and LIMIT 1.0875
* SHORT below 1.0637 with STOPS always above 1.0675 and LIMIT 1.0550
