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Sanabruh_06
Jan 23, 2017 8:53 PM

USDCHF Long short term. Consolidation= Expansion Long

U.S. Dollar/Swiss FrancFXCM

Description

After dropping from the structures previous high, it retraced into Existing bearish Oder Block and continued to expand down rapidly. Price consolidated after clearing low (buy stops losses) showing market is collecting orders for liquidity. The Next couple hundreds pips I'm bullish for this pair, although may see price drop below consolidation about 30 pips before taking off in the other direction. My Overall Bias long term in bullish. Just looking to catch a ride up.
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