There hasn't been many clear impulsive moves over the last few days as most markets seem to be correcting in a very choppy manner. The USD/CHF is offering one of the only clear impulses I can see in any FX market. I am going attempt to take a short trade from 1.163 with my stop at 1.17. Be warned however that the move from the low I have labeled as 1 or A to the high at 2 or B could also be an impulse so it is possible that price will continue higher after an ABC down. Do not risk more than you can afford to lose. Sometimes it is best to wait for clearer signals if you don't really have any good trade ideas.
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