EURCHF- Short..
Updated
EC in channel. It has already bounced off of upper trend line, but price is currently at a support area and may retest. I'm already in the trade.
Short @ 1.1644; SL = 1.1389, TP = 1.132 (or bullish price action ~1.133)
Since I am fully in, I wouldn't entertain adding to my position at a price less than 1.1375. For someone not currently in the trade, an opportunity to enter would be following a retest or following strong bearish price action in 1.1361-1.138 zone.
D:
W:
M:
Short @ 1.1644; SL = 1.1389, TP = 1.132 (or bullish price action ~1.133)
Since I am fully in, I wouldn't entertain adding to my position at a price less than 1.1375. For someone not currently in the trade, an opportunity to enter would be following a retest or following strong bearish price action in 1.1361-1.138 zone.
D:
W:
M:
Trade active
Took profits on 90% of the trade. Even though it hasn't yet reached my TP, I elected not to hold the majority of the trade through the weekend. Instead, I locked in profits and entered sell limit orders at various locations should EC retest resistance zone.
Trade closed: target reached
Closed remaining positions. (I had added to my position, beginning of this week.)
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.