USDCHF pin bar formed between two past resistance levels
Bear pinbar formed on 2018-05-04 at market close time.
This is a strong reversal signal.
First case: Pending sell below resistance level of december 2017.
Second case: price goes up and bounce on resistance level of November 2017.
Set an alarm at that level: if price touch the level and close below, it is a signal of strong resistance so sell with TP and 0.99671.
Third case: price close above resistance level of november 2017.
This level will become a spport, so place a Buy out of this level, using the same alarm of case 2.
This is a strong reversal signal.
First case: Pending sell below resistance level of december 2017.
Second case: price goes up and bounce on resistance level of November 2017.
Set an alarm at that level: if price touch the level and close below, it is a signal of strong resistance so sell with TP and 0.99671.
Third case: price close above resistance level of november 2017.
This level will become a spport, so place a Buy out of this level, using the same alarm of case 2.
Trade closed: target reached:
Target reached with all three cases!!!