This defined by lower highs and lower lows as to the 1,2,3 pattern in the cahrt.
I'm looking forward the USDCHF to finish consolidation in the area of the FIB-Level 0.382 (apporx. 0.91531)
This area is also a former which as been broken and will be retested.
I await that PA will cross or close above the EMA34. As soon as PA turns south again and closes below EMA13 i will place a SHORT with 1/3 of the usual oder size according MM.
The remaining 2/3 will be added as PA crosses through the FIB Level 0 (0.8669)
SL will be placed just above the swinghigh which would be the newly forming point 3.
TP rules: 2/3 are closed after reaching double amount of SL
1/3 will have a Trailing Stop