USDCHF 8/18/19
LONG IDEA
1hr TF
Price action has been majorly bullish since August 13th, 2019
We will continue to ride this bullish wave and look for precise entries as price action retraces.
At the current level we are looking for a prz level to hit before considering entering long positions. Ideally a nice double bottom at the second touch of the 61.8% fib level followed by a bullish engulfing candle + an ma cross would be enough confirmations.
If price action fails to push higher we will need to see a break of structure at the .97700 area before considering a change of sentiment.
LONG IDEA
1hr TF
Price action has been majorly bullish since August 13th, 2019
We will continue to ride this bullish wave and look for precise entries as price action retraces.
At the current level we are looking for a prz level to hit before considering entering long positions. Ideally a nice double bottom at the second touch of the 61.8% fib level followed by a bullish engulfing candle + an ma cross would be enough confirmations.
If price action fails to push higher we will need to see a break of structure at the .97700 area before considering a change of sentiment.