Simplify-
Long

AUDCHF Continues with the up trend?

FX:AUDCHF   Australian Dollar/Swiss Franc
11 months ago
I am long on this pair since it touched the .5 retracement (For other reasons). now this might be a good opportunity for me to add.
Ichimoku is bullish in 4H
We have signals that this could be a nice kumo break out:
•Kumo twist
•TK cross,
•Chinkou above price
•Price above kijun

snapshot

On the D1 Timeframe we are still above the cloud, in what looks like a pull back.. expecting a kumo bounce,

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For the SL placement i am selecting the kijun sen because it provides good support for price, and it is a tight SL.
If it does not go up now, we might retrace even lower, so i dont want to set a big SL if it will be taken anyway.


11 months ago
Comment: I was expecting a stronger move up. So this is my SL. I will wait for a more clear picture.
snapshot
11 months ago
Trade closed manually: Stopped out.. I will wait to see another clear long setup for this pair. If it goes below 0.5 retracement i'll wait to see it bounce from another fib level, maybe .618?
11 months ago
Comment: +11 pips.
11 months ago
Comment: i should have let it run a little more. Does not matter, i still have one position open from 0.5 fib, and i'll look to add if price tells to do so !
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