Hi Traders,
there is nice opportunity for long-term trade on USDCHF.
1. There was some strong BO DOWN of the trading range.
2. Then the market stopped, but there was no strong rejection.
3. After test of the H of small CG there is strong rejection.
4. PLUS - There are strong confirmations on the weekly and monthly charts.
The stoploss is a bit higher, but there is big opportunity for a nice profit.
The trade will be monitored.
First interesting area is the test of the last swing down.
I will let you know.
Paul
there is nice opportunity for long-term trade on USDCHF.
1. There was some strong BO DOWN of the trading range.
2. Then the market stopped, but there was no strong rejection.
3. After test of the H of small CG there is strong rejection.
4. PLUS - There are strong confirmations on the weekly and monthly charts.
The stoploss is a bit higher, but there is big opportunity for a nice profit.
The trade will be monitored.
First interesting area is the test of the last swing down.
I will let you know.
Paul
Comment:
After strong break down yesterday and testing the last swing low some reaction follows today. Nothing changes. This kind of trade needs space and time.
Comment:
Another strong short breakout bar today. We can slightly move the stop loss in our favor. The stop order is on 0,983 now.
Comment:
Moving Stoploss to Break-even.
Comment:
The UP move was very slow. Still in trade.
Comment:
Out on break-even.