The SNB are trying to draw a line in the sand at 1.5180 and they are expected to be there buying should the market dip. As can be seen on the accompanying hourly chart, we have a developing classic continuation flag pattern with a spike low at 1.5172 and a broader base at 1.5270. Buy dips here with stops below 1.5160 and a minimum profit target at 1.5450, the flag top.
And remember, only enter a trade if you like it yourself. Don’t be swayed by others because then you will generally lack commitment and stuff it up!
