Tradeplicity
Short

USDCHF rising wedge a selling opportunity?

FX:USDCHF   U.S. Dollar/Swiss Franc
18 0 1
Rising Wedge into 0.50 - 0.618 Fibo level.....You could play the odds from here with your stop above the recent high or a little safer above the 0.618 Fibo level for a retest of the recent lows for your Target and it could even go further. Could be a 1:3 risk:reward trade.

You must look for 1:3 risk/reward and higher trades, preferably 1:5 or higher to last in this game.

-Tradeplicity
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