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scarllet8
Oct 16, 2020 6:57 AM

USDCHF 1HR Buy Long

U.S. Dollar/Swiss FrancFXCM

Description

My second pair i am look to trade is USDCHF. I already opened position. It is big channel. it looks that last few days the buyers steped in. the price in on resistance now. there is several touches on the resistance and it looks that sellers lost momentum. with the support of the fundamentals i entered on 0.9150 and my SL is 0.9138 - away from my entry point in case thewre is spike. My TP is 0.9170. Let me know if you like my analysis.

Many thanks

Comment

I just closed 70% from my profit and moved Sl on entry point
Comments
VincePrince
There will come a rising when the trendline is broken, thanks for sharing, great idea.
scarllet8
@VincePrince, Thank you for your feedback Vince. I just removed 70% from my profit and moved Sl on entry point.
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