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HyperJesus
May 30, 2017 4:58 PM

Bullish 2618 Trade Long

FOREXCOM:USDCHF120
U.S. Dollar / Swiss FrancFOREX.com

Description

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2618 stands for: 2 = double top or double bottom ; 618 stands for 0.618 retracement.

We have a double bottom, market did a new higher high and now market retraced exactly at the 0.618 Retracement with a bullish engulfing pattern.

Comment

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Exit trade if market breaks trough and CLOSES under the Red Line.
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