P1ps0m4t
Short

SHORT USDCHF after Consolitation

FX:USDCHF   U.S. Dollar/Swiss Franc
130 1 0
ATM USDCHF             is in a valid downtrend according to my point of view.

This defined by lower highs and lower lows as to the 1,2,3 pattern in the cahrt.

I'm looking forward the USDCHF             to finish consolidation in the area of the FIB-Level 0.382 (apporx. 0.91531)
This area is also a former Support level which as been broken and will be retested.

I await that PA will cross or close above the EMA34. As soon as PA turns south again and closes below EMA13 i will place a SHORT with 1/3 of the usual oder size according MM.
89669
The remaining 2/3 will be added as PA crosses through the FIB Level 0 (0.8669)

SL will be placed just above the swinghigh which would be the newly forming point 3.

TP rules: 2/3 are closed after reaching double amount of SL
1/3 will have a Trailing Stop
Trade has been opend during the day. until now 50 Pips in Profit. Will evaluate the best time to move SL to BE+2
Reply
United States
United Kingdom
India
Deutschland
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out