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Coleman: USDCHF upside action

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May 21, 2015 chf, chf rates, chf usd, chfchf, chfeuf, chfeur, chfjpy, chfusd, china, china economy, chinese economy, fiorex, fiorexforex, fofr, ford, forecast, foreign exchange, foreign exchange market, foreign exchange strategy, foreign exhcange, foreignexchange, forex, forex 2014, forex 2014 outlook, forex 2015, forex 2015 outlook, forex and more, forex aud, forex audusd, forex audusd short, forex buying, forex eurjpy, forex eurusd, forex exchange, forex gbpusd, forex idea, forex market, forex market overview, forex markets, forex saxo bank, forex selling, forex strategy, forex swiss, forex trade idea, forex trade ideas, forex trading, forex trading 2014, forex trading 2015, forextrading, formación, forward guidance, fx, fx crosses, fx forex, fx investing, fx market, fx markets, fx options, fx strategy, fx trade, fx trade idea, fx trading, fx volatility, swiss, swiss bank, swiss currency, swiss economy, swiss franc, swiss national bank, swiss rates, swissfranc, switzerland, us, us dollar, us economy, us jobs, usa, usd, usdeur, usdjpy
Ian Coleman outlines his strategy for buying USDCHF based on an anticipated break in the Dollar Index. Ian expects a break in a wedge formation to the upside after a stall yesterday at the 261.8% extension level at 95.60, a pause in the bullish dollar action.  
The Wedge target is 96.10, currently at 95.47, so Ian sees scope for upside pressure in the Dollar Index.  
Buying small dip and at market : Also buying at bespoke level 0.9330 
Stop: 0.9300
Targets: 0.9435 0.9469 (bespoke resistance)

See Saxo Bank client's open orders, including USDCHF, here:https://www.tradingfloor.com/tools/fx-open-orders