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MEX_Exchange
22 sep 2017 02:11

USDCHF approaching our major support, prepare to buy Lång

U.S. Dollar/Swiss FrancFXCM

Beskrivning

Buy above 0.9679. Stop loss at 0.9629. Take profit at 0.9757.
Reason for the trading strategy (technically):
Price continues to inch down towards our buying area. We remain bullish looking to buy on dips above 0.9679 support (Fibonacci retracement, horizontal pullback support) for a further push up to 0.9757 resistance (Fibonacci retracement, Fibonacci extension, horizontal swing high resistance).
RSI (34) has made a bullish exit of our triangle formation and remains in a bullish configuration.
Kommentarer
SetagayaGirl
Maybe just me, but given political event risk right now, I would definitely not be interested in
taking this trade on a Friday. Way too much over-the-weekend risk for me.
Mer