Trader_Joe_Lee
Long

USDCHF 0.618 retracement and a bullish butterfly right here

FX:USDCHF   U.S. Dollar / Swiss Franc
First of all, no intention to chase the slump as it's 2 bullish combination right now right here.
While still, it broke the structure for the week , so pretty much we got some contradiction between these views.

When it comes to contradiction among different tools, choosing to stay flat is always a good idea.
But if I have to choose one side, I'll still pay more attention to this long-waited spot to long.

The plan is to wait for hourly reversal sign as a confirmation entry, if there isn't any reversal sign and broke 0.9950, then this trade will be cancelled.

Let's see how it goes!

(There is also an exactly same set-up for CVS today in my related ideas yo)
Comment:

Nice run with the inside 30 breakout !
took some profit at the 1.0000 spot and trail the rest yo!
Comment:

Nice hammer to be a potential 2nd try of this trade yo
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Hi, in this ideas do you set your TP at 50% retracement?, or where?. Thank you for sharing
Reply
@ar-trading, I always take half of the profit at 1:1 spot and trail the others without a TP lol~
Reply
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