Swissy CHF (Flight to Quality)

On the assumption that you are looking at Horiz. Past Congestion;
If it takes out 1.1150 to the Downside, then probably beyond 1.1100 to the ~ 1.1000 area. (The most recent area of congestion.)

On that point; let's consider congestion. Why does it occurr?
Simple really. BIG Bulls & BIG Bears agree that the price is where it should be.{little bulls & bears such as u & I will cause some wobble but not much more than that.}
As it moves away from that price {if Up, Bulls are gaining ground. Let's use that as an example.}
Bulls are advancing; If they can hold any Counter Attack Above the Last Consilidation Level, the Advance is considered defended successfully.

ps. sorry guys for not attending recently; but I've been rolling in the Canadian Autumn with my Grandson while this {all} Markets decide/s where they{they're} going based on this 'Global Equalisation' fad.

I wouldn't argue against 1.1474 again. Soon after Oct 8th '08.
As long as the DX shows signs of weakness!

Hint: Do not Trade USD/CHF based on EUR/USD or GBP/USD or USD/... evaluations...
Trade USD/CHF based on USDollar Index... {Google (DX) or "Dollar Index"}

This point relates to some questions that were rased in the EUR/USD thread that asked;
"Why is DOW Falling & EUR/USD NOT Spiking UP?"
Ans: It's not about EUR/USD, It Is about Dollar Index Vs the World.
AND; When Confusion Abounds; Move to a Safe Location.

Welcome Sir; You Have Arrived.

I know tdion went long way back right around 1.10, so I'm wondering if he's out now or how that panned out for him. Seemed like a good swing trade to take.

Swissy made a nice rounding bottom then broke the lip for a continuation of the uptrend. Also found support on a fib level.