daytradersfx
Long

Buying dips- looking for 300-500 pips

FX:USDCHF   U.S. Dollar/Swiss Franc
2 months ago
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
a month ago
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.
a month ago
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.
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