USDCHF - Possibly long opportunity again, two weeks later...USD/CHFOANDA:USDCHFprofxedgeRemember the trade we pointed out two weeks ago? 4hr: 30min: We took it and, although we didn't take any loss, as there was plenty of time to put it into break even, the trade we were thinking just didn't happen. Turns out the structure became more complicated and went from a WXY to a WXYXZ. So what do we do? We'll take the trade again, because the bigger picture has not changed so far. The optimal target of this move we are referring to would be in the 0.827 area, whereas the conservative target would be in the 0.818 area. Could this be a slow start for a drop on the daily? Yes it could - after all we're talking about the Swiss Franc! Jokes aside, if you take the 4hr timeframe and take a look at the movement occurred between May 12 and May 20th, you will clearly see that the price comes down as what looks like a correction of the previous upside impulse, but then in 1 day it drops to fully reverse said impulse, invalidating the potential bullish structure. So yes it can, but that will not prevent us to take the trade if we see a setup. Let's keep a closer eye on this pair for potential setups.