good morning together. the plan for today: we'll watching the pair usdchf. the pair has a good support for a swing long setup. the pair has triggered on december the15th 1.03349 so that we know that the price will growing up to 1.07 and more. but. the price is in a flat zone between 0.93941 and 1.03533. so that is possible that the price falling down until 0.93941. right. in this trade we take a call on basis of a outbreak of a bull flag in the daily chart. for the first we'll watching what happen at our support zone. what for structur is there? is price going out of the trendline? remember: minimum 2 bull bars outside is an indication for break the line. mostly is the price coming back like a pullback. is the price above 0.97620 is it a good indication that the trendchange starting. good luck good trade(s).
example for breaking the line:
watch the two hourly bars at 8 and 9 o'clock. after that is the price coming back (pullback) and makes a dip.
remember:
goo.gl/efDyDB
example for breaking the line:
watch the two hourly bars at 8 and 9 o'clock. after that is the price coming back (pullback) and makes a dip.
remember:
goo.gl/efDyDB
Trade active
Comment:
jfd brokers dipped an important price below 0.97620. so it is possible that the price is more falling. but. we dont close the trade. the next support is 0.97536 in the daily chart.
Comment:
trade is active, yet!
Comment:
short update to usdchf:
Trade closed: stop reached