The USD/CHF pair should see further price weakness

Forexmentor.com Forex Trading Price Action

You’re all on board with the USD/CAD pair right? If not, I honestly don’t know what’s holding you back. All technical and fundamental signs point to higher prices. And, even some of the so-called experts are now coming around. Maybe they joined www.forexmentor.com? Anyway, let’s acknowledge that trading opportunities abound. According to the latest commitments of traders data (a.k.a. COT), the Big Dogs are extremely short the Aussie and Pound. Now, what do you think that means? You got it! Sell those rallies folks. The USD/CHF pair (Swissy) is no different. The commercial traders (a.k.a. Big Dogs) are net long the Swiss franc, meaning this pair should see further price weakness. I see a bear flag in a downtrend on the weekly chart. That can mean only one thing – watch out below!

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