SWING TRADING: LONG USDCHF. TARGET 0.90385
TRADE TYPE: INSTANT ENTRY LONG
TRADE DIRECTION: LONG
TIMEFRAME: 4H
ENTRY PRICE: 0.89370
STOP LOSS: 0.88850
TAKE PROFIT: 0.90385
RISK TO REWARD: > 1:1
ANALYSIS: Price broke the supply zone comfortably and now shall look to aim towards the upcoming supply zone . stop loss ideally placed below swing low
Follow this thread for any future updates regarding this specific trade.
CAUTION: Trading outcome is Probability Based and could wipe out your account if risk management and strategy is not followed properly. Cheers
TRADE DIRECTION: LONG
TIMEFRAME: 4H
ENTRY PRICE: 0.89370
STOP LOSS: 0.88850
TAKE PROFIT: 0.90385
RISK TO REWARD: > 1:1
ANALYSIS: Price broke the supply zone comfortably and now shall look to aim towards the upcoming supply zone . stop loss ideally placed below swing low
Follow this thread for any future updates regarding this specific trade.
CAUTION: Trading outcome is Probability Based and could wipe out your account if risk management and strategy is not followed properly. Cheers
Trade active
Comment:
Numerous USD pairs are showing chart patterns that are in favor of USD strength on 4H timeframe. USDCHF being one of them. its a good confluence factor to have in this scenario. Expecting the price to keep rising steadily to our desired target. keep following this thread for any future updates
Comment:
KINDLY ADJUST THE STOP LOSS TO 0.88800 LEVEL. RR IS STILL <1:1 IN THIS CASE
Comment:
KINDLY ADJUST THE STOP LOSS TO 0.88600 LEVEL. RR IS STILL > 1:1 IN THIS CASE
Comment:
KINDLY ADJUST STOP LOSS UPWARDS TO 0.88700.
Trade closed: stop reached:
Kindly close the position when market opens. STOP LOSS has been HIT. Demand zone that was the support has been broken
