It came down faster before it can even touch the resistance line.
Did I mention to avoid longing USDCHF ? In IG where I used as a platform , it has a wide guaranteed stop that you have to set aside in order to trade. This is to my disadvantage as I would not be able to set my trailing stop loss to protect my profits.
So, quite simple. Though USDCHF and EURUSD may not be 100% negatively co-related, I still use it from time to time to gauge its opposing patterns.
In this case, I would short EURUSD.
I missed the first entry at 1.105 and thank God I have a second chance now at 1.10 instead.
I apologised for not being to update as often I would like on TV.
All the best , guys !
Did I mention to avoid longing USDCHF ? In IG where I used as a platform , it has a wide guaranteed stop that you have to set aside in order to trade. This is to my disadvantage as I would not be able to set my trailing stop loss to protect my profits.
So, quite simple. Though USDCHF and EURUSD may not be 100% negatively co-related, I still use it from time to time to gauge its opposing patterns.
In this case, I would short EURUSD.
I missed the first entry at 1.105 and thank God I have a second chance now at 1.10 instead.
I apologised for not being to update as often I would like on TV.
All the best , guys !
Note
Praise the Lord for his timing is perfect !
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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.