Maybe a breakout against resistance? 1 Hour Chart
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DislikedAs you can see on 2H chart the Triangle/ Flag formation (whatever is that called) in nearly completed.
It’s getting narrower.
There’s a little space left for maybe two, three candle bars (about 6 hours left ) so probably we’ll see a turnover before London market starts.
It happened before that CHF made some strange movements an hour or two before London’s bells.
Well, I have no bloody idea of where the formation will break, but when I look on entire picture I can see some fcking dinosaur or pterodactyl…
Ha ha, does anybody know what that...Ignored
DislikedMy put is only worth 129 pips right now at the moment. I have 3 more weeks until expiration. I was contemplating on exiting since we broke the massive resistance but it appears one of the rumors that caused this pair to break above 115 turned out to be false. The rumor was that the Swiss were charging for deposits. I will see what happens next week.Ignored
DislikedMaybe it's better to sell your PUT on nearest down hill as it is worth something yet.
It will loose its value close to expiration date...Ignored
Disliked
..... I will wait to end of the day to confirm this pattern (candle closure) and then go short......Ignored