Daniel-Malik

USDCHF - VERY SIMPLE TRADE

FX:USDCHF   U.S. Dollar / Swiss Franc
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This trading setup of USDCHF             is based on very simple technique that is price action . Short when it touches the resistance line in order to capture the retracement .
Comment:
snapshot
trade active due to strong Rejection !
Trade closed: target reached: Another one with profit
it passed the resistance, is the analysis still valid?
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short @ 0.989

sl 13p

tp 0.9673
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hey @Daniel-Malik where would you put your stops for this trade?
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Ideally around 15 pips above the resistance line. However, you can consider different stop loss strategies as these days market does not adhere to conventional stop losses.
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thank you Sir
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how mouch room should i give it above the resistance?
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Took this one...
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is that theonly one reason to go short @.9813 ?
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Thank you Sir
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short here too, thanks for the update!
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