USDCHF, Bearish wedge inside of Triangle, Part 2
Updated
Follow up on the previous analysis:
Think this is a nice one to keep an eye on coming day or 2. It dropped quite big, after it attempted to break up from that wedge on the right. It dropped in a straight shot below that green zone, so if the coming day or 2, would see a retest of that green zone, like the blue line suggests, think it would be a nice spot to take on a short. Target would be around the lower green zone.
So this is exactly what happened so far, so i am giving it a shot here with a small starting size. Great RR at this point and if 0.9660ish breaks i will make it a normal size and move stop to around BE. Target is still the lower green zone, but i will keep some to see if support might break (of the triangle).
Previous analysis:
Think this is a nice one to keep an eye on coming day or 2. It dropped quite big, after it attempted to break up from that wedge on the right. It dropped in a straight shot below that green zone, so if the coming day or 2, would see a retest of that green zone, like the blue line suggests, think it would be a nice spot to take on a short. Target would be around the lower green zone.
So this is exactly what happened so far, so i am giving it a shot here with a small starting size. Great RR at this point and if 0.9660ish breaks i will make it a normal size and move stop to around BE. Target is still the lower green zone, but i will keep some to see if support might break (of the triangle).
Previous analysis:
Note
Similar a bit as AUDCAD, but looking less great at the moment. But similar story, as we can see it got rejected pretty hard from last weeks high (yellow circle). So i think that resistance is pretty hard. Now because of this and because things changed a bit, i am changing the trade a bit. Instead of that target as mentioned above, but going for the green on the left and potentially even lower. For now keeping the small size as it is, because it's not very convincing at this moment. So to make the trade a nice win, making the target bigge (to create a good RR)
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