TradingView
UnknownUnicorn3181071
Sep 24, 2018 4:49 AM

Take and run trade(Counter-Trend Trade)<LONG USDCHF> 

U.S. Dollar/Swiss FrancFXCM

Description

Overall on the USDCHF is a downtrend, but recently on daily chart the price action given us a clue as last Friday it formed a bullish hammer(Price reject lower prices for now). So what i would like to make good use on it is to find a entry reason to long this trade, As i'm going down to 1H timeframe chart I saw a very week pullback right now as there are low volatile going on right now and put a Buy Stop on the highest of the candlestick recently on 1H timeframe and anticipating the price would move higher.If the price moving lower from the buy stop, would trail the buy stop on each candlestick highs until triggered. Good Luck and Good Trading!
More