USDCHF -- Rally up?

Wait 5 sec.

USDCHF -- Rally up?U.S. Dollar / Swiss FrancFOREXCOM:USDCHFWolfBladeTradingThe Swissie has had consecutive gains within the last week! It is still in the range established in July (high ~.8171), AND still below the 200 MA which can never be discounted. That said, I was able to close a position of 80 pips or so from this recent climb. If the pairs' weekly candle shows upside momentum tomorrow, then perhaps entering a buy targeting no more than 0.83526 could work (more desirable for swing traders). It is in a downtrend for sure, so always respect the flow! The October 29 candle had a good bullish engulfing formation, so place a reasonable stop, then after a few days in your favor, move stop to break-even, then check once a day - that's how I operate. Good luck! Wolf.