POSSIBLE OPPORTUNITY TO LONG THIS PAIR.

USDCHF H1

MARKET IS BULLISH, 21 ABOVE THE 55. TO ME THIS PAIR LOOKS LIKE ITS TAKING THE STAIRS TO THE TOP, THAT'S ALL GOOD AS LONG AS WE GET THERE. RESISTANCE IDENTIFIED AT WM3/MR1/WR1. SUPPORT IDENTIFIED AT WPP, AND ACCORDING TO PIVOT THEORY R2 IS THE TARGET. LETS HOPE BULLS ARE STRONG ENOUGH TO BREAK THROUGH ALL THOSE RESISTANCE PIVOTS.

USDCHF H1 POST TRADE PLAN

THE PLAN WAS TO GO LONG AT WPP WHICH WAS ROLE REVERSAL AT THE TIME. PRICE BROKE TO THE DOWNSIDE INDICATING A CHANGE IN TREND AS DOLLAR IS WEAKER.

2 thoughts on “USDCHF TECHNICAL ANALYSIS LONG SETUP, 10 OCTOBER 2017”

  1. frank says:

    Im also watching that pair , plus we at DR2

    1. Pedro says:

      its been slowly making its way up, and if it behaves we might see this at wm4 by the end of the week.

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