IvanLabrie
Long

Inside day, of an inside week: ready for an explosive move

FX:CADCHF   Canadian Dollar/Swiss Franc
51 2 6
This pair has shown it found value around the options expiration line below price as I type this.
I expect it to retest said line, to then move higher up, reaching the previous week high at the very least.
Look for a solid directional move up on the NY open tomorrow as confirmation, for now a limit buy at or around the options expiration line should be a good idea (with a 1 atr stop).
Price bounced off the options expiration line, let's see how it goes.
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IvanLabrie PRO IvanLabrie
Was a decent run, now stopped if held. Trailing the stop after 1 atr profit is a good idea.
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