Swiss
USD/CHF triangle breakoutHello,
As you can see on the hourly chart, a symmetrical triangle just occured.
Long position at breakout point around 0.9110.
Target: 0.9210 as per the measurement strategy (distance between lowest and highest point of the triangle which is around 100 pips)
Risk reward: 10
Already 50% of the target got achieved.
Good luck
DXY Descending Broadening WedgeIf we can see vix stay above 26, the major market's in the U.S. will continue it's downside correction from the weekly rejection of the asending trend line for the SPX, this could break to the upside pushing EUR/USD down significantly, possibly 300-400 pips this week should the market fall. I am weary though and will be entering the week with caution, as advance/decline ratios from last Fridays floor ticket showed a mostly confident investor that took profits. I however, am in favor of an upside break, however the dollar needs to continue it's debasement to achieve normal fundamentals implicated by the FED.
SHORT FOR 100 PIPS GBPCHF No nonsense approach simple clean price action trading all info in idea apart from the strategy (use your SL according to your OWN risk management)
Follow like and share for more clean ideas looking to change up all this guess work in trading forex, want to be successful and change your view on trading Direct message me!
82 forex