USDCHF / Short Opportunity / H4 Short

OANDA:USDCHF240

USD/CHFOANDA

Description

⋅ Dec 6, 2018 2:54 PM

USDCHF
Trading Bias: Short
Technical Strategy: Triangle

*Wait for close past the support line*

Trade closed: target reached

⋅ Dec 29, 2018 8:12 PM

Target hit. Talk about a swing trade. Phew

Comments

lehlogonolo

⋅ Dec 7, 2018 9:49 AM

i have my eye on this One Too, we have a small correction which might brake https://soonhttps://www.tradingview.com/chart/USDCHF/gNjzUKh6-We-got-another-Good-One-Here-USDCHF/

FXCM

⋅ Dec 7, 2018 9:46 AM

thanks for sharing your idea, I agree with it and am looking at a potential breakout trade on USDHF as well.

Swedishwiseguy

⋅ Dec 6, 2018 8:59 PM

stupid question, By "close" paste support line, what do you mean?

ImreSG

⋅ Dec 6, 2018 10:45 PM

@LarsLundberg, Not a stupid question! You want to wait for a H4 candle to finish forming, and for its low to be past the bottom blue line of this price structure. So far that hasn't happened yet. With NFP tomorrow, we will most likely see this trade trigger next week

Swedishwiseguy

⋅ Dec 7, 2018 6:34 AM

@ImreSG, Thanks! Looks interesting to follow.