Monday 26 April 2010

USDCHF - 60Min Long Setup Wave 5 Target

After seeing weakness on the previous EURUSD position I'm just not feeling it for that trade. So onto another potential setup, this time on the Dollar Swiss.

Another Wave 5 with a nice target area, looking for it to break the previous ABC swing with nice momentum + confluence for an entry off the 15min chart. Again I'd be looking for a 20-30p stop max, shooting for 50-60pips.

2:1 Risk Reward. @22:00 GMT.

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