Buying dips- looking for 300-500 pips

USDCHF has done NOTHING for a long time and now it looks like it's almost ready for something kind of big. We have a great longer term pattern setting up there and we're looking for opportunities to buy dips when/if this pair retests the break out area.

Here are a few scenarios:

1. buy dips around .9800-30, stops down around 9600, target 1.0300 (max target).

2. buy breaks of .9900 with the option of adding to the position as low as .9800, still targeting 1.0300 highs

การซื้อขายยังคงดำเนินอยู่:

I'm long at the break of .9900, I wanted to get another entry on a dip but market conditions were too choppy for that. I will add another long at the re-test of 9950 area.

ความคิดเห็น:

Big rejection off parity/1.00 level, no confirmation to add at 9950 yet, it's still dropping and leaving a pretty big daily shooting star (reversal candle). Let's watch and see, I'll happily add to this trade at 9850 or even 9800 level.