lmccormick
Long

Lots of big moves today, this one is one of my favorites!

FX:USDCHF   U.S. Dollar/Swiss Franc
17 1 0
Price is currently in a wider range between the 0.87000 and 0.89500 price levels (indicated by the black dotted lines). Price has formed a very large bullish engulfing bar (BUOB) off the 0.87000 level. Given this large momentum move, I see no reason why price won't reach the mid-way 0.88500 level for a quick profit, and then onto the 0.89500 level.
beauty
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