USDCHF – Corrective Channel Break, ST Bullish | Jun 24

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USDCHF – Corrective Channel Break Holding (4hr chart)
Yesterday in the members trade setups commentary, we talked about the USDCHF breaking the corrective channel, and that this would likely lead to a bullish move from here.

We suggested buying on a pullback between 9250 and 93. As you can see from the chart below, this is exactly what happened as the pair hit an intra-day low of 9280 before bouncing solidly.

Weak pullbacks into the channel top and today’s lows may be a 2nd opportunity to buy. A solid bounce from here would put pressure on 9475 and just shy of 95.

A break below yesterday’s lows and into the channel would create a neutral to slightly bearish bias ST.


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I'm Chris Capre, Founder of 2ndSkiesForex. I help traders of all levels change the way they think, trade and perform. As a professional trader, I specialize in trading price action. As a teacher, my passion lies in showing you how to re-wire your brain for successful trading. Want to improve your edge right now? Visit my Price Action Course page.

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  • Austin Smith

    I really like this trade Chris. Very clean.

    • Chris Capre

      Thanks Austin,

      Yep, a very clean trade, often leading to great setups.

      Kind Regards,
      Chris Capre