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U.S. Dollar / Swiss Franc
Short

Rising wedge on USDCHF

By solventless
Updated
Plain and simple rising wedge on EUFCHF. Purple wedge could turn into orange wedge if pushed higher. Good R&R as with most wedges. Safe trading.
Comment
Perfect entry, trade active, wait to move stop until further downward movement to avoid being stopped out.
Trade active
move stop to entry at 0.99550 for a free trade
Comment
Stop to entry is safe now, enjoy the profit without the risk :)
Trade closed: stop reached
Stop hit for slightly over break even. Very important to place trailing stops in winning trades to preserve capital. This is a great example.
Chart PatternsTrend Analysis

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