USDCHF correction is over / sell-off to resume?
This pair broke a long time trend line a couple days ago. Since then it retraced @ ~1.0050 to that previous trend line (fib retracement 0.618) and broke the bottom of the smaller degree channel.
Go short after retracement is completed (around 0.9950)
Stop loss : 1.0050
Target #1 : 0.9590
Target #2 : 0.9460
Trailing stop using the BW Alligator's teeth will be activated around 0.9850 + bonus positions will be open on every buy fractal breakout.
Go short after retracement is completed (around 0.9950)
Stop loss : 1.0050
Target #1 : 0.9590
Target #2 : 0.9460
Trailing stop using the BW Alligator's teeth will be activated around 0.9850 + bonus positions will be open on every buy fractal breakout.