EUR/CHF - EYEING 2013 LEVELS? - LONG TERM VIEW
According to my Wave count we are currently forming the 5th and final wave of a motive wave sequence which could very well finish at 2013 levels, and specifically the 1.24xx region.
My approach would be setting a Buy Stop order above the 1.2027 level from which the pair plunged dramatically after the SNB decided to unpeg the CHF from the fixed exchange rate of 1.20.
For risk and money management purposes, always determine a max. of 2% risk on every trade.
For example on a $50,000 account, this would be equivalent to 1,25 Lots with an 80 pip stop loss.
Entries, targets and closure of positions may be subject to alteration throughout the course of the trade. This is due to the ever-changing and unpredictable nature of the market.
This post is set to be used and serve as an example and in an educational manner and is not to be taken as direct investment advice.
My approach would be setting a Buy Stop order above the 1.2027 level from which the pair plunged dramatically after the SNB decided to unpeg the CHF from the fixed exchange rate of 1.20.
For risk and money management purposes, always determine a max. of 2% risk on every trade.
For example on a $50,000 account, this would be equivalent to 1,25 Lots with an 80 pip stop loss.
Entries, targets and closure of positions may be subject to alteration throughout the course of the trade. This is due to the ever-changing and unpredictable nature of the market.
This post is set to be used and serve as an example and in an educational manner and is not to be taken as direct investment advice.
Aviso legal
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