justatrader
Short

USDCHF - Bearish Flag, case study in real time

FX:USDCHF   U.S. Dollar/Swiss Franc
H4 charts has a nice bearish flag with price having broken it. Gives a target to 0.856... the same region that forms a longer term base. I think this could be the last time test to this level before USDCHF             could start pushing higher. Let's see how this works.
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I like your idea cause market is in down trend.

I'm waiting dayli closing for confirmation
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Simple chart... Can you explain what causes you to sell below 88359 and in particular why that candle highlighed? I can see that its a UML bounce... but the candle with the arrow looks 'mysterious'
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HappyKing justatrader
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Like old and simple rule 25day high buy, 25day low sell
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HappyKing justatrader
I'm just waiting dead cross, next day
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Ahhh, got it. Looks nice and simple!!! USDCHF looks to be getting support near 0.881.. Monthly and weekly pivots sit there. So a break of 0.881 will clear downside moves.. else the trade could just push higher.
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HappyKing justatrader
Yep!
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nothing but my entry rule..
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To protect my small profit and position, I added short EUR, I want avoide volatility
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Its a retracement move. 0.88701.
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HappyKing justatrader
I see thanks my friend!
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