CHFSEK $CHFSEK Initial Long. This is a pure momentum signal just as are every other signal I post. ZERO other factors are considered in producing this signal.
Entry reasons: CHFSEK is showing momentum and confluence of mean reversion crossing up the 70 day price mean.
Exits and SL: TP and SL on chart. Move SL on TP. After TP2, trail with 0.5xATR step and 1.5xATR offset.
The market after an upper move inside a channel has created a huge head and shoulder patter on the weekly chart.
On the daily chart the price after the slope has retraced till the 0.382 fib level and now retesting the weekly structure.
IF the price will manage to break and close below the structure we can set a nice short order according with our...
