jbourgault
Short

USDCHF correction is over / sell-off to resume?

FX:USDCHF   U.S. Dollar/Swiss Franc
24 1 1
This pair broke a long time trend line a couple days ago. Since then it retraced @ ~1.0050 to that previous trend line (fib retracement 0.618) and broke the bottom of the smaller degree channel.

Go short after retracement is completed (around 0.9950)

Stop loss : 1.0050
Target #1 : 0.9590
Target #2 : 0.9460

Trailing stop using the BW             Alligator's teeth will be activated around 0.9850 + bonus positions will be open on every buy fractal breakout.
Interesting ;)
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