USDCHF - What To Do After A Huge Breakout
Updated
We had a huge breakout of the main channel on the 4 hour chart, and it's been dropping more and more.
So what's a trader to do, jump on board and hope it keeps falling? Or grab a buy thinking it has gone far enough, and hope you were right?
It helps to know where we're at and where the structure is headed, take a look.
PS - The answer to the questions above is neither, hope you know that by now :)
So what's a trader to do, jump on board and hope it keeps falling? Or grab a buy thinking it has gone far enough, and hope you were right?
It helps to know where we're at and where the structure is headed, take a look.
PS - The answer to the questions above is neither, hope you know that by now :)
Note
Looking good so far, we're headed towards the end of wave B any moment. Notice the double bottom right at wave A, so we're looking for a reversal pattern or something to indicate the start of C.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.