2018Jun05 EURCHF H4 Trend Continuation
The bulls have been more aggressive than the bears leading to the formation of an ascending triangle for EURCHF. I am waiting for a candlestick to break and close above the horizontal resistance of 1.15680. Thereafter, I will place a buy limit at that level. The stop loss and take profit target are both based on ATR x 2. Tentative details are as follows:
Trade Setup: Trend Continuation
Price Entry 1.15680
SL 1.14930 | SL pips 75.0
TP1 1.16430 | TP1 pips 75.0
RRR1 1.00
Trade Setup: Trend Continuation
Price Entry 1.15680
SL 1.14930 | SL pips 75.0
TP1 1.16430 | TP1 pips 75.0
RRR1 1.00
Trade closed: target reached
TP1 hit! :) (June 11)
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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.