QuileHills
Long

USDCHF BUY STOP Pending

FX:USDCHF   U.S. Dollar/Swiss Franc
1595 17 46
7 months ago
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.
7 months ago
Trade active: Long entered with Buy Stop as shown.
7 months ago
Trade closed: target reached: I think it stil has room to move up but I like to lock my profits

Related Ideas

Piet.Hein
7 months ago
Nice analysis
Reply
QuileHills Piet.Hein
7 months ago
Thanks! I appreciate it.
Reply
Piet.Hein
7 months ago
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
7 months ago
Wow, that's great news. Thanks!
+1 Reply
sunnyk
7 months ago
channel is in a downtrend ... little bit like picking a bottom here ...
+1 Reply
QuileHills sunnyk
7 months ago
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.
Reply
MarlyForex
7 months ago
Really good!
Reply
QuileHills MarlyForex
7 months ago
Thanks!
Reply
D-Rod
7 months ago
Bullish engulfing candle... nice. superb job QuileHills
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SUNJUPMER PRO
7 months ago
what will be your TP brother?
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QuileHills SUNJUPMER
7 months ago
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
7 months ago
To clarify, current TP is .9658
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SUNJUPMER PRO QuileHills
7 months ago
Thank you dear friend
Reply
StevenMilward QuileHills
7 months ago
I did this, and we just had a drop and I only make a few pips. oops.
Reply
SUNJUPMER PRO
7 months ago
TP 0.9661?
Reply
Jahid
7 months ago
Best Work Early :)
Reply
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