USDCHF: Position to buy
The market can be seen moving to the downside. However, before moving to the downside, it may very well correctively or impulsively move up to create the third touch of the structure, which may create a running channel by forming a head and shoulders pattern or a breakout, which will move to the upside.
It can be seen from the bigger picture that the market is likely to move to the upside.
Steps To Take
It can be seen from the bigger picture that the market is likely to move to the upside.
Steps To Take
- Wait for the market to create the third touch or breakout
- Be ready for an impulse to the upside
- Wait for a correction phase before acting on the market.
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