H4... clearly bearish volume here.. Trend is lower for now.. Soon momentum will follow. Long term I expect USD/CHF to go up massive as everyone loses confidence in swiss bank. But for now it seems we're going to trade below 88. Actually think there's a chance we can make new lows on this one.. not so sure we bottomed but it's definitely possible. We'll see.. Targeting at least a couple hundred pips on this short.. It will either happen and I'm right or there's another possibility which is- the trend has changed. Doubt that's going to happen so quickly after that insane SNB move. One take profit set at 0.8520, the other @ 0.8225 but it's possible I get out of that earlier (if this move does indeed go my way anyway) It's clearly ranging and the trend/momentum is heavily skewed to downside, definitely also helps that everyone is pretty much long now, which usually doesn't bode too well for 'everyone'
Update: took a loss of 100+ pips on this, not happy about it.


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