USD/CHF Accumulation Phase with Strong Rejections and New Highs
USD/CHF has been in an accumulation phase for over a month, making new highs and showing strong rejection at the lowest low from December. From a technical standpoint, it looks like a good time to buy. You could place a stop order to catch the move without missing out or wait for a possible retracement to get a better entry.
Note
price just wanted to go higher straight away,not sure if it's a good idea to move stop as it might just do a deeper pullback.Indecision is the word of the day.It might worth considering an early exit on profit or move the stop to breakeven but at a risk of getting stopped early and than going in your favour.....Trade active
took slightly longer than anticipated but price has reached target profit almost 100% without going in the negative even a single bitTrade closed: target reached
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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.