USDCHF lose some power and it closed pretty bearish. I'll be looking to go short here, as I know that bearish pin bars after that kind of strong bullish closes are more like a "trap", but risk/reward ratio is not bad, and I'll take it with smaller risk.
My trade idea here is:
USDCHF SELL BELOW 0.9920
SL 1.0000 (-80 pips)
TP 0.9800 (+120 pips, Key zone)
TP2 0.9550 (+370 pips, only if price break below the trend line)
USDHCF BUY ABOVE 1.0000
SL 0.9925 (-75 pips)
TP 1.0110 (+110 pips)
My trade idea here is:
USDCHF SELL BELOW 0.9920
SL 1.0000 (-80 pips)
TP 0.9800 (+120 pips, Key zone)
TP2 0.9550 (+370 pips, only if price break below the trend line)
USDHCF BUY ABOVE 1.0000
SL 0.9925 (-75 pips)
TP 1.0110 (+110 pips)
Comment:
USDCHF SELL TRADE TRIGGERED