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Erinlord-Jerome
Oct 27, 2017 4:30 AM

Rising Wedge - Short USD/CHF Short

U.S. Dollar/Swiss FrancFXCM

Description

USDCHF is forming a rising wedge in short-term. Priority to sell.

Trade active

Trading position #1 active.

Comment

Breaking the shorter-term rising wedge. Let's see...

Comment

You may start the second trading position if you want. I would wait for the breakout of the second rising wedge.

Trade active

Trade position #2 and #3 active. You may want to move Stop Loss of trade #1 and #2 to entry point.

Comment

Almost breaking out the second rising wedge. Seems like waiting for true breaking out is a wiser move. Good luck!

Comment

The longer rising wedge broken out. Please move your SL to entry point.

Trade closed: target reached

Cheers.
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