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ForexFloorTrader

USDCHF - BULLISH TRADE SETUP ANALYSIS

Long
U.S. Dollar / Swiss Franc (FOREXCOM:USDCHF)  
ForexFloorTrader Updated   
FOREXCOM:USDCHF   U.S. Dollar / Swiss Franc
Support and Resistance Candlestick Analysis
7
0
supportandresistance candlestick
BULLISH TRADE SETUP ANALYSIS

Monthly TF = Bullish
Daily TF = Bulish
Type of Trade = Momentum Breakout
Time to profit target = 1 to 2 days
Reward to Risk Ratio = 3:1
Risk = 1% of account balance
Comment:
Changing Buy Stop Order to Market Order to Buy at the Close above 0.9727
Comment:
Stopped Out at 5:24AM CST on 5/12/2020
Comment:
I will be looking for a new long trade setup to re-enter!
Comment:
Note: Getting Stopped Out is a good thing and not a bad thing, it happens to all traders, by protecting our trading accounts from large losses.
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