USDCHF – Corrective Channel Break, ST Bullish | Jun 24

Verified Profitable Trader

Singapore Trading Seminar: Join me for a two-day live trading seminar July 11th/12th at the Ritz-Carlton Millenia in Singapore. We’ve already booked about 15 seats in the first day so they are going fast.

Click here to learn more or reserve your seat.

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.


Learn why Discipline = Freedom + Success in Trading

Want More? My private members get all my trade ideas & market commentary 4x per week. Click here to become a member.

Related Article