daytradersfx
Long

Buying dips- looking for 300-500 pips

FX:USDCHF   U.S. Dollar / Swiss Franc
USDCHF             has done NOTHING for a long time and now it looks like it's almost ready for something kind of big. We have a great longer term pattern setting up there and we're looking for opportunities to buy dips when/if this pair retests the break out area.

Here are a few scenarios:

1. buy dips around .9800-30, stops down around 9600, target 1.0300 (max target).

2. buy breaks of .9900 with the option of adding to the position as low as .9800, still targeting 1.0300 highs
Trade active: I'm long at the break of .9900, I wanted to get another entry on a dip but market conditions were too choppy for that. I will add another long at the re-test of 9950 area.
Comment: Big rejection off parity/1.00 level, no confirmation to add at 9950 yet, it's still dropping and leaving a pretty big daily shooting star (reversal candle). Let's watch and see, I'll happily add to this trade at 9850 or even 9800 level.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out