charlieforexx

USDCHF - Potential long

Long
FX:USDCHF   U.S. Dollar / Swiss Franc
Took a USDCHF long with a an R:R of 2.1
My reasoning for this trade was the strong rejection of the 78.2 Fibonacci retracement level, as well as the pivot line adjacent with it. To me this shows a possible 1.2.3 move with a the push to the downside now ending resulting in a higher high being formed.
Trade active: Unfortunate start to the trade but I never expected a perfect entry, SL was not hit. Looking for a trend continuation towards our goal.
Trade closed: stop reached: Unfortunately news stopped us out of the trade.