USDCHF4HR

Here’s a 4 hour chart of USD/CHF with a shorter-term trade in mind. The zone blocked off by the green lines indicate a range that’s proven itself to be sturdy resistance on the way up to current levels, so now the questions is will it turn into support. Based on technicals a break of the bottom green line could signal the opportunity to run down to the bottom red line with a stop at the top green line.

And if it goes the other way, reverse everything I just said.

Commenter Asskcorp pointed out that Adam highlighted a potential double-bottom on the pair around .87500. I could see that, but, if we are taking those large moves into account then the recent high could be argued as having simply tagged the top of the recent .8700-.8900 (ish) range.