Short summary of current situation. In next day I will describe some trades in detail.
Few days ago I wrote on my twitter about usd/chf:
Maybe usdchf isn't on top, but on daily it broke out of cloud and there is potential for more. Now it is at 127% Fib. pic.twitter.com/vQUaD1AA8S
— simon s. (@marketsurvival) July 16, 2015
I opened a long position and it is going up nicely. Originally I aimed at Fibo extension, but this move looks like something bigger and I take pivot R lines as targets. My first target is around 0.9690, because in that area we have two important resistance lines: