EmmanuelHernando
Short

Analysis and plan - SHORT USDCHF

FX:USDCHF   U.S. Dollar / Swiss Franc
76 0 7
Analysis.
Since the decline from 01-02-2016 to 11-02-2016, price retraced, and managed to climb to 618fib, it got caught between converging lines, a sign of weakness, and divergence in macd formed, I was looking to short right at 618 level, but as i was at the limit of open trades, i didnt take it.. Now its breaking out of the consolidation zone, and it still offers a 3-1 risk to reward.

Plan
Short with stop above the zone where price consolidated for two days, Targets are previous swing low, and support trendline from daily.
Trade active: Still on this trade.
Comment: stop loss moved to 0.972
Trade closed: target reached
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
ประเทศไทย
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out