This idea is going to play itself out over the period. Huge price drop due to de-pegging of CHF from EURO has sent price plummeting to low @ 0.96XX handle. Generally after such huge drop, price climbs up to top slowly as seen in USDCHF & GBPCHF. (See the attachment in the comment)
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USDCHF price behavior
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GBPCHF price behavior
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I m expected same thing to happen in EURCHF, lets wait & watch !
Good Luck
=)
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1st attempt to go long is here. 4 hourly candle close above consolidation zone & above TL.
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Look at the bullish candle & its wick :)
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While 1st attempt is in profit & already encashed few pips, its time to add some more. If & when it breaks above this wedge I will buy more :)
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Piet.Hein
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Finally its going up ;) Good trade
FxSaint
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Yes... finally ... :)
Piet.Hein
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Agree with you, in fact Im already on this trade too :)
FxSaint
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Good Piet, I m too in this trade idea with 2 entries. And I will keep adding to it since I believe it will go much higher. I have seen your idea & liked it, good work there, keep it up!
Piet.Hein
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thanks! Yes, looks like it can go much higher for me too. Good luck!