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ccerezo11
Feb 27, 2017 10:50 AM

UPDATE ON USDCHF ANALYSIS - 1H CHART Long

U.S. DOLLAR / SWISS FRANCICE

Description

Hey traders,

I linked my previous analysis on USDCHF in this idea published so you see the full idea.

By now we are getting uptrend impulses so my next trade is a buy; however, if market starts making an ending diagonal pattern I will plan a sell at the breakout.

Carlos

Comment

confirmed uptrend move, looking for buys by now but the good trade is the sell at the end of the corrective structure

Comment

Nice 1H flag which you can trade up. You can look for a short term trade and then start looking for the reversal.

Comment

We have a slow move down, I am sure it is a corrective move, so still watch for a buy inside the structure as a short term trade. If it brakes structure downtrend by the lower line then we will plan a sell.

Comment

We had a fast reversal in 1H chart from the top of the structure. Look for a flag to SELL, since we may finally get the downtrend impulse. If not we will keep selling from the top of the structure (upper trendline)
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