GCHF short term long position after pullback to nice S/R zone, 61.8% fibs, 3rd touch of ATL, 4H 50EMA and previous highs.
Comment:
Price is getting closer to the POI, will see if it actually goes to there, but if it does, I will wait for candle rejection off there and then ill enter for a nice long position.
Trade active:
So, out of every cross with CHF, this one it's still looking good and it actually reacted well of POI, but it didn't get real candle signal to enter in position, so I'm looking this to happen and ill enter long.
Trade active:
So, I've taken this trade because it did exactly what I've wanted.
The reason my SL that short , is because I want this trade to happen now or never, I don't want it to range for days before going somewhere.
I don't have high hopes for this pair based on other CHF crosses, which all of them are bearish rn, but technically I like this setup.
The reason my SL that short , is because I want this trade to happen now or never, I don't want it to range for days before going somewhere.
I don't have high hopes for this pair based on other CHF crosses, which all of them are bearish rn, but technically I like this setup.
Comment:
I will hold and let this position go wherever it decides to go :D . The price is showing respect of TL and 4H 50EMA but at the same struggles to break out the highs.
Trade active:
Aight, so my position is still running, for good or bad :D, but this is how I see and secretly hope the price will play:
Comment:
GBPCHF actually made a pullback to the expected zone and it kinda showed rejection on 1H chart and scaling position could've been placed, but I didn't take the chance, because I think price might've actually reached the top. At this point I will leave the position to play itself and eventually I will manually close the trade if it goes down.
Trade closed: target reached:
I have closed the position manually, because price is really struggling to go little bit higher. Anyway, it was a fairly good trade.