USD/CHF - Pre-breakout setup

By Sascha_Gogolin
Updated
Double bottom, followed by strong buying and a pre-breakout structure. Anticipating a breakout to follow this structure with 3 possible target areas, the first one being the high probability one of course.
Trade closed: target reached
First target reached followed by a strong pullback that produced a triple bottom. Second and third target level got tested thereafter.
breakoutLONGlongsetuppre-breakoutprice-actionshorttermSupport and Resistance

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