After falling below 61.8% from swing high and 0.815 level, USDCHF (uc) managed to cross over the 10 MA but being capped by 50% retracement on the 60 MTF chart. Prices went sideway with small range doji. An IB was formed followed by a bullish outside bar on 4 GMT. A breakout on the upside is expected.
On the 15 MTF, for two hours before 4GMT prices just rolling over the MAs with a tight range. A signal entry of IB at 1. I took of the breakout of the IB as prices is above 20 MA and 20MA above 50 MA, abullish signal. The indicators were a bit confusing.
Second entry with IB bar at 2. Indys is at extreme high therefore any breakout of IB low is set for a short position.
