Today's MARKET SWISS FRANC **BULL TREND**
- The MKT has a firm tone and as long as the integrity of the previous session low remains intact, look for excuses to get long. On the SELL side UP FADE strategies are valid but profit targets and risk management should be tight. REVERSAL strategies should be applied only at the UP and +c after an exhaustive signal. Use DP BREAKOUT strategies as a signal to FADE a positive reaction against the DIR. Only until the MKT breaks the positive structure are sell signals an opportunity.
- On the BUY side BREAKOUT, FADE and REVERSAL are recommended as the MKT is bid and all buy signals are valid opportunity. If stopped out at or near the low tic of a reaction and the MKT is not following through to the downside, look to re-enter using the recent squeeze low as a stop. If the MKT breaks structure, de-leverage and be more selective as the likelihood of a sideways trade is high.
Today's PRICE MAP Performance for SF
Wrap Up
The SWISS FRANC took off and never looked back today. In a BULL TREND market state, this is exactly the type of price action traders look to capitalize on, higher move highs, and higher move lows throughout the entire session. Traders were able to accept the BUY UP BREAKOUT strategy with a profit target at the UT2 expecting follow through on the BULL TREND. Sure enough, the market didn't disappoint. The market rallied up to the UT1, where it encountered brief resistance before continuing up to the UT2 to end the session. Traders were able to ride the long trade all the way up to the top as the SWISS FRANC maintained + structure throughout the move.
The SWISS FRANC took off and never looked back today. In a BULL TREND market state, this is exactly the type of price action traders look to capitalize on, higher move highs, and higher move lows throughout the entire session. Traders were able to accept the BUY UP BREAKOUT strategy with a profit target at the UT2 expecting follow through on the BULL TREND. Sure enough, the market didn't disappoint. The market rallied up to the UT1, where it encountered brief resistance before continuing up to the UT2 to end the session. Traders were able to ride the long trade all the way up to the top as the SWISS FRANC maintained + structure throughout the move.
