British Pound / Swiss Franc

Long

New Method #1

By tradingjournal101_

Updated

Comments for details

NOTE: This is a journal, NOT a signal!

Note

Traders seeing the bounce and buying, with their stop losses underneath the zone for "good RR." Now they have been taken out and possibly selling the breakout, failing to see the real bounce on the higher timeframes. This provides enough liquidity for a buy but large stop loss in case banks choose to push it lower first.

snapshot

Note

The published chart is on the daily timeframe.

Trade closed: stop reached

snapshot

Trade closed: stop reached

R.I.P

snapshot

Note

Accidentally posted USDCHF above.

snapshot

tradingjournal101_

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.