TradingView
WillOstuniLima
Dec 11, 2014 2:54 AM

UPDATE on USDCHF - LONG triggered Long

U.S. Dollar/Swiss FrancFXCM

Description

Since my previous note on, the pair did exactly what I was expecting, a short pull back to reach an intermediate wave 4 as part of the ending diagonal triangle forming the main Wave 5 (Around 0.9860). I went LONG at 0.9628 as the pair was touching the edge of the triangle. I defined 3 targets on the chart. After that, if successful, I will be looking to enter a final SHORT position once Wave 5 gets defined as a bigger correction maybe due for this pair...
More