USD/CHF Accumulation Phase with Strong Rejections and New Highs
USD/CHF has been in an accumulation phase for over a month, making new highs and showing strong rejection at the lowest low from December. From a technical standpoint, it looks like a good time to buy. You could place a stop order to catch the move without missing out or wait for a possible retracement to get a better entry.
Note
price just wanted to go higher straight away,not sure if it's a good idea to move stop as it might just do a deeper pullback.Indecision is the word of the day.It might worth considering an early exit on profit or move the stop to breakeven but at a risk of getting stopped early and than going in your favour.....
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