The USDCHF has broken an ascending triangle and has been bearish since then, early on Sunday the market gapped down and with the G7 talks the price ended up bouncing to the upside taking causing me to take profit. Since then there has been a triangle that has formed on the 2hr and 15 min and the Stoch has hit the .618 retracement on each chart. The Market is oversold on the daily giving us an opportunity to Sell down to the Daily D at the .9620 look for a break and retest of the triangle to get in. With the stop above the 15 min A at .9880 whuch is a 1:2 risk reward.
This like many other trades were discussed on #PLANYOURTRADETV which I host live on YouTube at 4pm EST on Sunday's here is the link bit.ly/carterkylecapyoutube
Hit the like button and Click on the Subscribe Button for more forex analysis, last week alone my clients made over 900 pips and I would like to invite you to join the community
This like many other trades were discussed on #PLANYOURTRADETV which I host live on YouTube at 4pm EST on Sunday's here is the link bit.ly/carterkylecapyoutube
Hit the like button and Click on the Subscribe Button for more forex analysis, last week alone my clients made over 900 pips and I would like to invite you to join the community