FX:USDCHF   U.S. Dollar / Swiss Franc
243 2 13
The USDCHF             is comparable to all Dollar pairs in a consolidation and I like to see another leg higher within this consolidation. The 1 hour time frame shows a potential buy opportunity but we need to wait for confirmation because price might make a new low once again.
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Comment:
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no textbook examples but real trading with projection, entry plan and execution. Hope you guy's joined me in this buy. If not watch for consolidation and buy the continuation.
How do you use 1-2-3 reversal strategy to trade in the direction of the higher degree trend? Did mean to look out for 1-2-3 reversal pattern from the current retracement leg? i.e. an up, a down and a third up from the current price level of 0.96155 ?
Reply
TimStuyts WaqasRaja
a 1-2-3 reversal for me is only valid from the bottom (top) of a consolidation and should be used to enter in line with the trend. To be more conservative look for significant retrace in terms of price and time.
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