I’m interested in this double bottom support area on USD/CHF’s daily chart. If you drop down to the hourly chart you’ll see the key support area is at $1.0884 with the double bottom testing $1.0886 and 1.0884. There are a couple of ways I’m looking to trade this double bottom.

1. If U.S. fundamental data surprises to the upside this week I will buy any reversal candles as close to $1.0880 as possible.
2. If we see a break below the $1.0880 level, I’ll sell.

Best of luck.

Ryan