MaryJane

DING DONG :-) -Target reached -22 Pips - nice one !

FX_IDC:EURCHF   EURO / SWISS FRANC
64 0 8
The 1-2-3 Breakout-Setup worked very well. Just in this Moment the Pair reached my preferred TP @ 1.0744 and possibly is forming a new "2" High- Nice one :-) 22 Pips for free :-) This should not be the end of this wave...On higher timeframes the breakout is in full swing!
Former Analysis:
Shortterm 1-2-3 Breakout-Setup
Shortterm 1-2-3 Breakout-setup

snapshot
Here an intraday example for an 1-2-3 breakout.
Stoppbuy @ 1,0722 SL 1.0703 TP 1.0744
Bearish Wedge & Resist versus Breakout!


Higher timeframe-Analysis: Bearish Wedge & Resist versus Breakout
Bearish Wedge & Resist versus Breakout!
snapshot
Here are two trading possibilities: LONG or SHORT

Bullish Szenario: Stop Buy @ 1.07018 (valid "2") SL 1.06543 (below the wegge bottom edge :-) ) TP: 1.07903 (trendchannels upper edge)
Bearish Szenario: Fix the actual Level @ 1,069 SL 1.07018 TP1: 1.06608 ( wedge bottom edge) TP: 1.0618 (trendchannel bottom edge)

I prefer the Long Szenario, because i am a trend follower and breakout trader :-)



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