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USDCHF SETUP SWING OPTIONS

The USDCHF is giving us 2 options to be able to work with over until the end of the month. With the FOMC meetings ending with bad news to the BULLS there has been a broken triangle on the daily chart . However I would not look to do anything until the BEARS are able to show that they can push the price down below the .9900 level with a closed daily candlestick . At the moment the BULLS have been able to keep the price within this range. So I would look at this as follows

Option 1: BULLS hold: wait for the Stochastic to enter the BUY zone and target the 1.0120-1.0200 area

Option 2: BEARS win: wait for a test on the 2hr with a high price in the SELL zone around .9900 and target the .9760 area as take profit 1.

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