MONSTER SWING - LONG on dollar swissie

21 ביוני 2020

On the shorter time frames this currency pair is in a downward trend, however zooming out to the weekly and monthly time frames price is currently in an ascending triangle pattern, and a bullish market structure. i'll be looking for a buy at the bottom of the structure and looking to hold it once price breaks out of the top and hold it to previous highs. Will be closing 75% of my position at the top of market structure and holding the remaining 25% with stop around 100 pips.