UCHF created a strong support level around .95500 on 5/27/22. Price rose over 500 pips from this area so I wanted to look for opportunities. On 6/24/22, price closed under the previous low but the closure was followed by an engulfing candle on the 15m back above the low. I wasn't interested in entering that late on a Friday. Price has pulled back to what the initial entry would be so we're entering this trade with a SL of .95100.
Comment:
We'll let the trade play out to the SL no matter the fluctuations.