Time for monthly updates.

Take a Look at the Update USD/CHF Chart

Extended Accumulation and Reference Points

Hi, Traders I am here updating Usd/chf as the first monthly update on the basis of previous month trading activity. I have seen previous month extended accumulation and risk of reversal is minimal but even if it is reverse than we should look to go long around 0.8853 area but as We have seen the test could be successful of 0.9138 area(As After testing the area on Friday Price is holding that area) and if I am right price will start rising with aggressive volumes coming in the pair again.

Those who wait for ECB meeting on Thursday can delay this setup or look around 0.8853 area which should hold when offer so much protection earlier but it all depends on type of activity if price reverses from here.

If you scan all the previous months activity then to start with we have we neutral months which make the breakout and after those reference points price went in range after rejection from upper boundary of the rectangle as I mentioned in while line.

Price rejection from upper and then from lower boundary confirms the setup but stil more aggressiveness should be here to make this set up successful.

This type of setups are quite rare

Exactly, when someone look for setups then One must look for this type of setups which offers low risk and maximum reward opportunity and that could be the one which could really start a new trend from here on and that would be the strongest of the trend what we have seen, And a rejection from here will let you add more around 0.8850 area , But that's not the way I trade but that's how position traders use to enter.