jack_cheques

USDCHF LONG (DOUBLE BOTTOM)

Long
jack_cheques Updated   
FX:USDCHF   U.S. Dollar / Swiss Franc
FIRST LONG ENTRY

USDCHF Evening fellow traders as witnessed that price failed to break below the weekly inducement of the existing weekly order block we had anticipated that price might revisit before fulfilling a bullish sentiment on the market after a few weeks. Now the price USDCHF on the lower timeframes as stated in prior ideas will give entry confirmations to go long ,price created a double bottom and then went on to retest the neckline zone signaling an upwards rally and to also cement the upwards rally prediction as it can be seen that price traded below the London session opening price and created a few legs beneath it this was done to show a strong upcoming bullish trend now the New York session is likely to give the upwards move

1.ENTRY LEVELS can be taken around 0,88230 to 0,88300 with sl at 0,88150 and the take profit can be 0,88900
Trade active:
As price tries to go against our predictions this is only done as a grab of liquidity before the upside move,TRADING BELOW THE OPEN OFTEN SIGNIFIES A BREWING UPWARDS MOVE
Trade active:
I am still holding my position awaiting price to move in our direction

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