Traders,
This is a trade active 3 hrs ago:
EN: 0.998 or current price
SL: 1.002
TP1: 0.993
TP2: 0.989
USDCHF has a long-term broken daily or weekly trend line.
It also made a double top so far as long as it wont try to make a new high after hitting 0.98 later.
There is also a flat channel for USDCHF to rise back to last top position. And USDCHF made a channel reflection point with bear signal. These all are making a good reason to short USDCHF to 0.989 at least.
Less is more!
This is a trade active 3 hrs ago:
EN: 0.998 or current price
SL: 1.002
TP1: 0.993
TP2: 0.989
USDCHF has a long-term broken daily or weekly trend line.
It also made a double top so far as long as it wont try to make a new high after hitting 0.98 later.
There is also a flat channel for USDCHF to rise back to last top position. And USDCHF made a channel reflection point with bear signal. These all are making a good reason to short USDCHF to 0.989 at least.
Less is more!
Trade closed: target reached:
TP 1 hit on last Friday, +50 pips.