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All_is_well
Nov 22, 2020 7:12 AM

USDCHF LONG Long

U.S. Dollar/Swiss FrancFXCM

Description

1. Pattern formed
2. Trend to go high

Comments
All_is_well
Pattern being respected
however took a wrong turn !
All_is_well
Stop loss hit

So, this trade is out.

Lesson - Candle did not break the pattern fully as it was retraced. Also, a clear indication sellers are in control and looking to test the Support zzone at 0.904 range. This is a strong key level hence we are projecting that it will test this zone and breakout eventually.
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