ChaosTrader63
Long

GBP vs CHF Doji at Kumo Support

FX:GBPCHF   British Pound/Swiss Franc
Looking at the GBP vs CHF daily chart we see the close on Friday formed a doji at the Kumo support level . Prior day closed with an inverted hammer signaling possible change of direction and indecision at support. Price is in a slight uptrend with a pullback to the support level of the Kumo. Looking for the Kumo to hold support and price move upward from there. I'll enter on a break above the doji and have my stop a few pips below the doji limiting my risk with a possible nice gain. Have a great trading week and God bless!
Thnax Chaos, A quick question, do you use tools like the ATR in determining your stop loss levels?
Reply
I use support and resistance for stop losses!
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