I have been trading FX currencies and I want to start posting my high probability setups. This is a pair I will be watching this week for a breakout of bull flag, retest and then resumption. My bias is for a long trade but I've indicated where a short trade might be. There are multiple no man land areas I will not be buying or selling. Lots of bullish signals...
Rising Wedge breakout after reaching strong resistance.
As you can see there is a declining overall trend but it's bouncing between the support and resistance lines. Here is a good idea to trade off the bounce. Overall, I see more likely a break above the resistance as SNB makes efforts to devalue the Swissie
Long Entry @ 1.0470 Target 1 @ 1.0461 Target 2 @1.04895 Please like and follow me. Thanks