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[dc]O[/dc]ne of the longer-term trades I am watching is, what I believe to be, good upside potential in the USDCHF. Waverly Advisors caught a nice long a few months back and recently closed it out on weakness, but there is still considerable room to run on weekly/monthly timeframes. However, this daily chart shows a market where the next leg is more likely down than up: tight consolidation near the low of a recent swing is usually more indicative of the bears being in control. In a case like this, short-term traders are better off waiting for the resolution of the short-term cross currents before trying to trade with the longer-term setup. Longer-term ideas are excellent reinforcement and can lead to fantastic trades, but, if you’re going to be using reasonably tight stops, timing is everything–and that requires a keen awareness of shorter timeframes and patience to wait until the stars align perfectly.