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Fxprotrader
Jul 29, 2017 11:16 AM
USDCHF Breakout of Resistance Opens Doors for Longs
Short
FX:USDCHF
1D
U.S. Dollar/Swiss Franc
FXCM
Description
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Jul 29, 2017 11:16 AM
Altough it seems we arein a strong downtrend seeing price breaking above a resistance level holding from May, it makes me believe that we are in a bullish enviroment. Switch to the lower timeframes and wait for a correction before buying USDCHF.
Trade active
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Jul 31, 2017 8:44 AM
Trend Analysis
Support and Resistance
Trend Lines
USDCHF
medianline
Comments
Aqua_Trader
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Jul 29, 2017 9:00 PM
similar opinion
Fxprotrader
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Jul 29, 2017 10:55 PM
@SN_Doumet, Thanks for sharing ;)
justinholtgrave
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Jul 29, 2017 3:16 PM
Bullish engulfing on weekly also confirms this setup. I am also waiting for a pullback before re-entering
Fxprotrader
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Jul 29, 2017 6:32 PM
@justinholtgrave
, Thanks for sharing mate :)
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