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Sascha_Gogolin
Sep 27, 2016 5:40 AM

USD/CHF - Pre-breakout setup Long

U.S. Dollar/Swiss FrancFXCM

Description

Double bottom, followed by strong buying and a pre-breakout structure. Anticipating a breakout to follow this structure with 3 possible target areas, the first one being the high probability one of course.

Trade closed: target reached

First target reached followed by a strong pullback that produced a triple bottom. Second and third target level got tested thereafter.
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