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.
To protect my small profit and position, I added short EUR, I want avoide volatility
justatrader
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Its a retracement move. 0.88701.
HappyKing
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I see thanks my friend!
HappyKing
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nothing but my entry rule..
HappyKing
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I like your idea cause market is in down trend.
I'm waiting dayli closing for confirmation
justatrader
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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'
HappyKing
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Like old and simple rule 25day high buy, 25day low sell
HappyKing
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I'm just waiting dead cross, next day
justatrader
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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.