EURCHF Short
Heavy Fib rejection and clear downtrend on the Weekly chart. Double top formed on the Daily chart. The bulls were getting tired, we broke the ascending trend (indication) and we received a Head & Shoulders (confirmation) on the 4H chart. We found a nice Supply & Demand zone at our zone of interest and the Trend line's are also present. This 1% trade is running risk free already.
Note
Comment: Out at breakeven. Price came back for another tap of the shoulder 1 region. We have set a new buy limit, so let's see if we can get tagged in again.Note
Tagged in!Note
Market took us out. I have made a Stop Loss mistake.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.