Long

EUR/CHF - Clean Lowtest Candle on Key supportand Trend Line

Updated

Great little naked price action set up on EUR/CHF

- Perfect low test candle
- Previous low test candle on 4hr chart and already reacting
- Testing key support of 1.0900
- Testing Long term bullish trendline from April 2015
- 60% Fibonacci retracement
- Looking like a daily close above daily open will happen
- With trend

Clean targets at 1.10000 and then at 1.1102 for 3:1 RR

Trade active

I got triggered in the next day after entering my order and since then it's been nothing but a tease!

Two more nice little low test candles testing the same are as the first candle. Part of me wants to get in long again on this set up (tweezer tops), but I would be over exposing myself to the AUD at that point. All AUD pairs are signalling to go short, I'm happy with the pairs i've picked to ride that train downward

Note

Talk about indecision! Price cannot make up it's mind. A little pop up today but nothing that held out. I'm getting really close to just closing this out if i'm starting to see some bearish pressure.

Trade closed manually

I'm updating a little late here, but I closed out this position for a 1/2% loss yesterday. Constant indecision and no take off long as expected led me to close early, and it looks like I made the right choice judging by today's price action. Possibly looking for a clean retrace up and test the bottom of the trendline so I could reverse and short this pair.

themikewwfx

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