A good buy opportunity is unfolding for usd/chf. Currently trading in an ascending channel. Another attempt for the top of the channel is going to happen soon. The aim is to trade Wave C of this correction. I am looking to enter at 0.91 and at 0.9055 with SL at 0.902 (conservative SL = 0.896) . This will be an aggressive trade, with a stop loss at 0.90. The RR is 7.42 from the 0.5 fib level and 18.62 (magical) at the 0.618. The target of wave C is 0.966, however i will look to lock in some profit at 0.946 and let some to ride the last bit. After this rally, sentiment will be positive for trades affectionate to USD, unfortunately a massive crash will follow with a great SHORT opportunity for years.
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Remember NO financial advices, just educational purposes.
Any question do not hesitate to comment or ask.
If you like the content share and follow me for updates.
Remember NO financial advices, just educational purposes.
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