Vladimir Ribakov breaks down a USD/CHF long trade from December 11. The daily chart broke above a trend line with higher highs and lows; the 4-hour chart pulled back to Fibonacci levels, which held, triggering a rally that made hundreds of pips.
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Hello traders, Vladimir here from Home Trader Club. Here is a quick follow-up on dollar franc buy trade. This trade was shared with you in this very channel on December 11th. Let's recap why we were looking to buy. Daily chart broke above the most recent trend line and as it happened it gained a bullish structure by making clean sequence of higher highs, higher lows. Classical bullish price action. Four-hour chart was following the same path. Classical bullish price action followed by a pullback, and the plan was as long as these Fibonacci levels hold, we expect dollar franc to continue its rally. As we can see, the Fibonacci did hold, and dollar franc delivered a phenomenal rally to create a massive. Run and create hundreds of pips to the upside. Join our family, the Home Trader Club. Get your access to our full courses, real-time trading education, real-time trading opportunities.