USDCHF BUY - IS SIMPLICITY ALL YOU NEED?
Updated
A lot of room for error as this idea is being published way before the expected move is going to take place.
Looks like a bullish flag / rectangle which means on the third low it should shoot up, hopefully all the way to the weekly trend line where I can then ride a sell down. This will probably never happen- but wishful thinking is the key to success.
So is simplicity all you need? We'll find out in a week or two or three
yolo,
Vince.
Looks like a bullish flag / rectangle which means on the third low it should shoot up, hopefully all the way to the weekly trend line where I can then ride a sell down. This will probably never happen- but wishful thinking is the key to success.
So is simplicity all you need? We'll find out in a week or two or three
yolo,
Vince.
Note
Forgot to mention this in the initial comment:If price breaks upwards through the purple box identified as the bullish flag, I will enter a long position once the upper level of resistance has been broken. Confirmation could be a strong bull candle closing over the resistance such as a bullish marubozu candlestick.
Be especially careful of fakeouts if this breakout happens on the 23rd as market manipulation is most common at the start of the week
Vince
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