Went long on the break out of the H4 Inside Bar. Stops below swing low 1.30100 First PT would be 1.34000 where we had a lot of resistance before.
Comments
aries_harris
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It will surely go up will remain below 1.3300 then reverse and go down and will make new swing low
SignalTradersUK
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that is pure speculation on your part, unless you secretly work for a central bank.
aries_harris
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you'll blow your account very soon!
SignalTradersUK
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you have no idea how big the account is...
motleifaul
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I would wait for a clearer sign that it will go up. You also see the clear resistance at 1.3167. The target seems to be to much ambicious. We get strong resistance at around 1.33.
SignalTradersUK
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Price has retraced a larger move up to the Feb 2013 high, by 61.8%.
The large Inside Bar at this point of support was my reason to go long. USD/CHF posted a reversal pattern from Friday night, so although I am currently out of the trade shown here I am quite positive at getting back in long at some point soon. This was a trade that failed but the methodology stays true. Can't win them all.