Price bouncing off the 1D time-frame resistance Long

U.S. Dollar/Swiss FrancFXCM

Description

⋅ Jun 28, 2017 10:23 AM

Counter-trend trade. USDCHF in a downtrend currently bouncing off a S/R line drawn based on 1D time-frame. The 4-hour time-frame gave a few pin bar signals already giving us a reason to enter a short-term long position.

Trade closed: target reached

⋅ Jun 28, 2017 12:35 PM

First target at 0.9636 reached

USDCHF usdchflong