pbmalla77

How i read the mind of the market and align myself to get in.

Long
pbmalla77 Updated   
FX:USDCHF   U.S. Dollar / Swiss Franc

I believe the dollar is posed to move higher. The US dollar is at major resistance at 97.70 and a weekly fair market value at 98.50. If the dollar is reaching for higher prices up to the 98.80, that is roughly 100 pips or move. That is the same distance i will be trying to cut off my position in half and/or tighten my stops.
Dollar is moving higher so is the USD/CHF because they are positively correlated pair and the USD/JPY.

I was long at 1.00055 level and trailed my stops to 1.00930 level. I will add another position, if price moves lower, run stops on weak longs into the 4 hour fair market value(1.01135), i will add a buy order, stops @ 1.00930 and target 1.02340 level. If the trade works in my favor and reaches the target that is
1:6 reward to ratio just and the position added. Risk 20 pips for 120 reward.

Good luck and always do your own research.
Trade active:
Order flow is bullish. Bulls are in control of this pair. Notice the pull backs are short comparing to the move higher.
Trade active:
Dollar nearing its resistance area 97.70 level, this pair is reaching higher but the USD/JPY is ranging in the daily chart. This tells me that the market markers are holding the jpy for the chf to run, so the jpy is the next to move. Looking at the USD/JPY, i am looking for a breakout
Trade closed manually
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