usdchf .618 to bottom of channel trade

usdchf had done an ending diagonal and sold strongly, turns out it had bounced off the channel resistance. price then retraced a .618 in a corrective sharp move.

short usdchf
- bounce off channel
- .618 pullback
- RSI divergence

entry: 0.9828 (ideally)
sl: 0.98820
tp1:0. 96333
tp2: 0.95213
tp3: 0.94439
tp4: 0.93166

risk: 52 pips
potencial gain: 512 pips

Comment:

just a chart that id like to add. shows that bulls look corrective.
i might add positions if and once it breaks this trendline as well. all depends on the price action i see.
you can trade from the top or trade from the bottom once it breaks out. your choice.

Comment:

selloff begun

Comment:

trade has been going good so far. this is what im looking into this week. some sort of bull momentum for the dollar(no clear indication as to end based on these charts. check my dxy post)

Comment:

i held tp1 til tp2 after seeing the impulse. tp2 is bout to hit

Comment:

so far so good
wait for that tp2

Comment:

momentum is now bullish. buy the breakout or the candle.
i will make a post about this during the weekend. big bullish trend is about to start if i am not mistaken so we do not want to miss out on the buys.