200 SMA Trade Setup

200 SMA Trade Setup

Last month usdchf posted new highs and it went up resistances of 2 years... To me its just retracement for more 300 to 400 pips high... Price is still coiling above 1.01 and 200 sma of 4hr (red line)

Old broken highs are close to 1.0132... And price right now is close to it.. As far as it is trading above 200 sma of 4hr and 1.0065.. It is still bullish and can go for new highs.. Idea is to go long from current prices and enjoy ride.. Stop needs to be 1.006.