USDCHF: 3.00pm

What a messy day! Stops just survived that, but not too concerned as price was traversing the 'trough' as discussed this morning. So, a quick run down of the bullish reasoning: the monthly retracement cloud and trend line has held to the upside; the 4hr momentum cluster has a lot of room to absorb upward thrust; price is above the daily pivot and above the orange 8hr DMA; the 6day retracement cloud is wafer thin and the 'sellers' may have had their chance this morning and failed to break through the trough. I have drawn in potential contracting and expanding diagonals for comparison. Break that contracting perimeter, take out the 6day cloud and up to the top for me.