dc95

Apr 28, 2020 7:26 AM

USDCHF [SHORT] double top forming Short

OANDA:USDCHF240

USD/CHFOANDA

Description

⋅ Apr 28, 2020 7:26 AM

looks like a double top could form, entry below gold line. 3 possible TP's

will see how it plays out

Trade active

⋅ Apr 28, 2020 1:24 PM

this is an active trade

Comment

⋅ Apr 29, 2020 7:17 AM

move SL to break even, if it dosen't take TP1 then it likley wont be worth staying invested.

Trade closed: target reached

⋅ Apr 29, 2020 8:59 AM

TP1 was reached - looking for TP2

Comment

⋅ Apr 29, 2020 10:13 AM

It will retest the channel before dropping to TP2

Trade active

⋅ Apr 30, 2020 11:47 AM

active again for TP2, retested channel as expected

Trade closed: target reached

⋅ Apr 30, 2020 3:10 PM

TP2 reached - pushing for TP3

Comment

⋅ Apr 30, 2020 4:39 PM

Move stop loss forward to break even

Comment

⋅ May 1, 2020 11:51 AM

Moved stop loss again to 0.9657 level

Trade closed: target reached

⋅ May 1, 2020 1:47 PM

Comments

eboratac

⋅ May 1, 2020 3:47 PM

Unbelievable trade, nice work !!! I tried to get in on it and messed it up :( but learned so much thanks again

eboratac

⋅ Apr 30, 2020 4:43 PM

do you predict will this re test as high as the 0.97675 resistance line before dropping again ?

dc95

⋅ Apr 30, 2020 4:45 PM

@eboratac, it might retest 0.97128 but wont go back upto 0.97675 its broken out of the channel now so the TP1 would act as a new resistance i think.

eboratac

⋅ Apr 30, 2020 4:46 PM

@dc95, Great learning allot from this trade thanks !

dc95

⋅ Apr 30, 2020 4:46 PM

@eboratac, no problem at all bud.

eboratac

⋅ Apr 29, 2020 10:54 AM

Hi I'm brand new to trading, due to covid-19 and job lay off, I've been studying all week, this set up you have looks strong from what I've learned and your comments and image of your chart. I'm just observing on my trading 212 account, thanks for posting this.