Click here for the original trade idea.
Our first attempt to short USDCHF was canceled because instead of this pair breaking down from the support line, it went back up to break above 1.08. USDCHF tried to hold above 1.08 but failed so it went back down to retest the support line and then pierced through [...]

This currency pair has gone up high enough and according to the AB=CD reversal pattern in the daily chart, it’s time sell short. Our sell short entry can be based on two time frames. You can either short it based on the 4-hour chart or on the hourly chart.

AB=CD Pattern
In the 4-hour chart, if the [...]

Buy: 0.9980/90
Stop: 0.9932
Targets: 1.0095 / 1.0125 / 1.00225
Move stop to breakeven on 60 pips profit.

If it closes above that blue line, that’s another buy signal for me.

Disclaimer:
Foreign exchange trading and investment in derivatives can be very speculative and may result in losses as well as profits. Foreign exchange and derivatives trading entails a considerable risk [...]