Get started
JimmyDoesASX

USDCHF potential for a long idea, stoch fib used

U.S. Dollar / Swiss Franc (FX:USDCHF)  
JimmyDoesASX Updated   
FX:USDCHF   U.S. Dollar / Swiss Franc
Trend Analysis Chart Patterns Technical Indicators USDCHF LONG Fibonacci Retracement
3
0
trendanalysis chartpattern indicator usdchf long fibonacciretracement
My idea is a continuation of the upward movement given the weak Fibonacci retracement in the past. If the stochastic indicator begin to tick up from the bottom then confidence in this idea increases. I welcome constructive comments from others and feel free to take a look at my other idea's as they have, funnily enough, been doing very well.
Trade active:
SL moved up to 23.6 retracement level, initial target looks well within range. Stochastic still yet to tick up. May move target if it does tick up.
Trade closed: stop reached
Comment:
SL stopped out early, still in profit but target not reached. Will patiently wait and watch to see what the pair does while news is being released.
Comment:
Higher time frame in chart needs to be looked at before reconsidering an idea on this pair.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.