On the weekly on the USDCHF we are in a corrective ascending structure. On the daily TF within this channel we have also formed another ascending channel, which we have just seen a retracement off the the third impulse or push. On the 4hr this third push is represented as a flag and it will be the breakout of this flag that will determine if there is a possible...
will be taking a risk entry as a flag pattern has formed. Stop loss will be 20 pips making a risk to reward 2.5:1. will be a short term trade. This trade lines up for the third touch of trend line as well as a triple top. So alternatively when target is achieved will be looking for sell set ups. Any alternative views please feel free to share.
EURUSD is currently in a downchannel and it just rejected the lower trendline for the third time with a nice push to the upside. i am awaiting a little corection to the downside to open a long on this trade.