ThePip_Machine

SHORT TERM SHORT OPPORTUNITY AND LONG OPPORTUNITY

Short
FX:EURCHF   Euro / Swiss Franc
AS YOU CAN SEE THAT OUR CHART IS FORMING AN ASCENDING TRIANGLE. FROM THE RESISTANCE LINE THE CANDLE STICKS HAVE REJECTED THE RESISTANCE LINE THIRD TIME. SO I THINK THAT THE CANDLE WILL GO DOWN AND RETEST THE ASCENDING TREND LINE BEFORE COMING UP AGAIN. THE TREND IS OVER ALL IN AN UPTREND. 60.30.15 AND 5 MOVING AVERAGES CONFIRM THE TREND. SO FOR NOW WE WILL GO FOR A SHORT WITH TP AS THE ASCENDING TREND LINE ANDS WHEN THE CANDLE STICK BREAK AND RETEST THE ASCENDING TRIANGLE WE WILL GO LONG WITH CONFIDENCE.
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