QuileHills
Long

USDCHF BUY STOP Pending

FX:USDCHF   U.S. Dollar/Swiss Franc
1595 17 46
USDCHF             is threatening to break this channel resistance.

Buy stop entered as shown Entry price .95722, in my opinion safely above the channel to confirm a bullish break.
Trade active: Long entered with Buy Stop as shown.
Trade closed: target reached: I think it stil has room to move up but I like to lock my profits
Nice analysis
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QuileHills Piet.Hein
Thanks! I appreciate it.
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Also nice strategy
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Congratulations! Your chart has been selected to be highlighted as the post of the day. This is a great example of channel analysis.
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QuileHills walker.england
Wow, that's great news. Thanks!
+1 Reply
channel is in a downtrend ... little bit like picking a bottom here ...
+1 Reply
Using a channel break to confirm a short term trend change is a little more reliable than say just using a historical support area. Combined with RSI divergence and proper money management/risk management it can be a lucrative tool in your strategy.
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Really good!
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QuileHills MarlyForex
Thanks!
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Bullish engulfing candle... nice. superb job QuileHills
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what will be your TP brother?
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QuileHills SUNJUPMER
It's currently as shown. I may make this a zero risk trade by moving the SL into profit.
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QuileHills QuileHills
To clarify, current TP is .9658
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SUNJUPMER PRO QuileHills
Thank you dear friend
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StevenMilward QuileHills
I did this, and we just had a drop and I only make a few pips. oops.
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TP 0.9661?
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Best Work Early :)
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