Love this USDCHF
Updated
I'd like to point out the simplicity and the beauty of seeing an uncluttered chart, the price action really speaks for itself, just based on risk reward alone we have the potential of a really nice set up, zoomed back on the weekly, we can see price came right down to major support and stalled out with some indecision candles, if you were so inclined to try. I would wait till the market opens, check for any gaps the can disrupt price action during that time, if you get a chance the chart basically throws the trade parameters at your feet. Clear low here we can put stops below. Can target a nice ratio, see if you can catch a runner.
On the other hand price action opens sloppy, heavy, big gaps, you don't feel right about the trade, and i can't stress this enough, it doesn't matter who you are, if you don't feel right don't play along, ultimately these are ideas and any trade can be micromanaged in one way or another before a quick enough update is given to a person following, so be careful if you are following and not learning. It is better to not make money than it is to lose money.
On the other hand price action opens sloppy, heavy, big gaps, you don't feel right about the trade, and i can't stress this enough, it doesn't matter who you are, if you don't feel right don't play along, ultimately these are ideas and any trade can be micromanaged in one way or another before a quick enough update is given to a person following, so be careful if you are following and not learning. It is better to not make money than it is to lose money.
Note
Well this snooze fest is doing what the USDCHF loves to do, its best impression of a wet blanket. No matter, will sit on these longs for now and soak up the swap. I dont like how its hanging at these levels so much, it makes me feel like it could fall through, but as long as the parameters hold we will enjoy the swap.
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