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WBGwen
Nov 7, 2018 11:45 PM

USDCHF Pullback to structure and 0.618 Short

U.S. Dollar/Swiss FrancFXCM

Description

*Price making lower low yesterday
*Pullback to structure and 0.618
Sell now

SL : 1.0075
TP: 0.9735

HOW TO TRADE:
1) Wait for the price to pullback to the structure
2) Watch the price action in the buying/selling zone, if the price shows a signal/rejection in the structure enter the trade.
3) Adjust stop loss to break even when the price already runs 1:1 RR ratio in our favor.

(Note: Do not enter the trade if the price do not come to the buying/selling zone).

This trade is using trend following strategy, Loss small, Win BIG.

Remember to always follow these rules: (1) Cut losses. (2) Ride winners. (3) Keep bets small. (4) Follow the rules without question. (5) Know when to break the rules.

You can always take your profit based on your own trading style. It's your call.

Good luck.

Please like, comment, and follow to support the author if you find this analysis helpful.

Trade active


Good luck

Trade closed manually

Price break the structure, exit trade first.
Comments
A8DS777
thank you got in
WBGwen
@A8DS777, You are welcome :D
iislander
thank you
WBGwen
@iislander, you are welcome.
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