IvanLabrie
Short

USDCHF: Quarterly resistance rejection

FX:USDCHF   U.S. Dollar/Swiss Franc
194 9 5
Interesting formation in this pair, the spread is a big big, but the potential rewards are quite good.
I'm taking it short, targetting the recent low initially, with a stop at 0.92489.
Good luck!
If you're interested in joining my trading newsletter or private lessons, message me. I trade Forex, Equities and Commodities. Contact: skype @ ivanlabrie, PM here or QQ (2954487803).
jangseohee
2 years ago
Hehe,
i thought the same thing.. at least recoup HALF!
+1 Reply
snapshot
Reply
Doubled up with a second batch, same lot size.
Stop at the same spot as well.
Reply
IvanLabrie TOP IvanLabrie
2 years ago
Stopped out, will wait for further setups, still an interesting pair.
Reply
Stopped, but price is starting to gravitate around the old quarterly resistance area, without any new highs.
I'll be watching this pair for a short entry.
Reply
jangseohee
2 years ago
Let's recap what happen a month ago, i expected price to gradually retrace to blue for support because it was euphoric and reach horizontal resistance
USDCHF, broke out of multi-term down channel
Reply
jangseohee
2 years ago
and thanks to SNB, the price sucked right back into the channel, Oversold!!!
USDCHF, big deal needs another big deal to offset
+1 Reply
jangseohee
2 years ago
i keep the channel intact and now even more interesting thing is happening.
after the oversold, it bounce and CURRENTLY as my post shows, it is SITTING right at the support of green channel and resistance of red channel
bloody hell :-)
snapshot
Reply
IvanLabrie TOP jangseohee
2 years ago
Looks like a potential sell to me...
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out