USDCHF usually fluctuates in relatively narrow range. We were down this range for a couple of weeks, but now it's time to go back. We have met the lower trend line and has successfully pushed off. I see a higher high&low completed now (you should never buy falling knifes, I always aware of them and construct my ideas to avoid this type of trading - follow me, and you'll never suffer from them too). There are 3 reason more: falling S&P, RSI broke 30 (very strong signal) and Commitment of Traders Report tells us about big players selling their francs. I prefer to be with them.
I have open half of position and is going to double on blue line as shown. At the same level I'll lift my SL to breakeven. My TPs are on higher trend line, but I will perform trailing stop just in case too.
I have open half of position and is going to double on blue line as shown. At the same level I'll lift my SL to breakeven. My TPs are on higher trend line, but I will perform trailing stop just in case too.