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AlbionTrader
Jan 23, 2017 11:14 PM

USDCHF Short

U.S. Dollar/Swiss FrancFXCM

Description

USDCHF seems to be heading short following the trend again.

This is the classical trade to be taken early in the trend and compound, adding to the winning position after each retracement (break of the light blue reversal line).

Hopefully this is going the same as the others.

Cheers
Comments
Niverto
AlbionTrader
@Niverto,
Thank you very much for sharing this.

We are obviously in a phase of consolidation/accumulation now, and we will be potentially waiting for an explosion
:)
AlbionTrader
It is worth to pay attention to the very symbolic level that the price at 1.00000 represents.
This will probably be a turning point way more important than the trend itself.

It can be the case where the price will dance a bit back and forth this level.

In case of a rebound, the price can potentially go Long for a bit.
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