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Euro / Swiss Franc
Short

EURCHF A1 Short C Grade (Idea)

By tjbate
Another 2 knocks here on this ECHF short idea. I do trade counter trend EMAs, but the over extended candle is what kept me out. Note that there is also divergence, but this isn't something that I keep on my checklist due to backtesting. On C grades I will normally close at 1R, but because I don't take C grades and my rules tell me to close half at 1.5R, that's what I would've done and that's where price has reached to the tee before reversing.
Chart PatternsEURCHFeurchfshortForexforexsignalsforextradingTechnical IndicatorsTrend Analysis
tjbate
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