Update on VFI – USDCHF “M” bottom resistance formation

Another trade was taken on USDCHF. After the “M” formation I have shorted previous resistance. It went against me for about 10pips and then retraced. There was one moment of patience when I was unsure if this move will carry on my direction but the short waiting paid of and it hit my FIX TP. For another trading opportunities take a look at USDCAD currently trading at interesting level 1.0500.