A good buy opportunity is unfolding for usd/chf
. Currently trading in an ascending channel
. Another attempt for the top of the channel is going to happen soon. The aim is to trade Wave C of this correction. I am looking to enter at 0.91 and at 0.9055 with SL at 0.902 (conservative SL = 0.896) . This will be an aggressive trade, with a stop loss at 0.90. The RR is 7.42 from the 0.5 fib level and 18.62 (magical) at the 0.618. The target of wave C is 0.966, however i will look to lock in some profit at 0.946 and let some to ride the last bit. After this rally, sentiment will be positive for trades affectionate to USD, unfortunately a massive crash will follow with a great SHORT opportunity for years.
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Remember NO financial advices, just educational purposes.