Price Action, Support & Resistance

FX:USDCHF   U.S. Dollar / Swiss Franc
439 0 4
So if you follow this pair, you might have already noticed that we have broken the daily uptrend line, beautifully came back up and retested it and got rejected. Market has stopped putting higher highs, and we are simply seeing the formation of lower low and lower highs. I ended up shorting right at the neck line after the formation of the head and shoulders pattern, right after the rejection of the trend line , looking for targets at the retest of the previous lows. Very simple analysis, based off of simply price action, support and resistance , and that is really what the market comes down into! I hope the trade works out and wish everybody luck!
Trade closed: stop reached: -110 pips
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out