USDCHF - H4 SHORT SETUP - TTS-II
Updated
Head & Shoulders pattern formed which is more visible on the D1 chart with the trendline as its neckline.
Entered SHORT on Monday morning after breaking the last low it created last week. This low was also the result of the break of the trendline/neckline.
TP at 0.97500 area which is the next major support level and SL above the trigger candle, giving a potential reward of 3.16R.
Entered SHORT on Monday morning after breaking the last low it created last week. This low was also the result of the break of the trendline/neckline.
TP at 0.97500 area which is the next major support level and SL above the trigger candle, giving a potential reward of 3.16R.
Trade closed manually
Closed with less than 1R loss. Momentum to the downside is lacking.
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