I got long here. if price beaks the low it will be a change in behavior thats been going for a few months. a 20 pip stop on a 240 chart is cheap risk and gets me below the recent low and below the major down CME_MINI:MCDM2021 swing. if price fails and cracks the major swing , we could double that move to the downside. if it hold here, I see a try for new highs.
white swing lower has been met. if it holds we will make new highs. stop below recent structure. i am in here due to recent price rally and buy on the pullback. the swiss has been getting pounded by most other currency pairs. this is my concern. if price fails the white line here it will probably double down to the lower median line parallel.( next white line)
trying short at blue upper median line parallel (UMLH ) after
test w great separation (close away from line).
green LSB swing in play.
R-R is 7 to 1 if I get filled.
If i am right, new lows may be easy.
if not, maybe we top around 127.50 .
I usually wait for the larger swing ( orange) to make a ply. In this case the recent close off the blue line enticed me to...