This is a counter trend trade, so it is best to monitor it closely. If there is a break and close above 0.9700, I will close at least half the trade.
The USD has been spectular but every currency ebbs and flows. There is a chance for us to buy USDCHF but it also means we can sell it to get there.
USDCHF has made a high of 0.9700 yesterday and it is showing weakness in H1, M30 and M15. There is also a massive D1 pattern here.
We are entering a quick sell position with the hope of buying it at 0.9640 again.
The USD has been spectular but every currency ebbs and flows. There is a chance for us to buy USDCHF but it also means we can sell it to get there.
USDCHF has made a high of 0.9700 yesterday and it is showing weakness in H1, M30 and M15. There is also a massive D1 pattern here.
We are entering a quick sell position with the hope of buying it at 0.9640 again.
Trade active
This was a bad trade. Completely against the trend and asking for trouble. Closed half the position with a small loss. 28/04/22 DEAL USD/CHF Mini converted at 1.434375140103885 SD SD-9.47
Trade closed: stop reached
The remaining position closed at the stop loss level. Was a senseless trade that was completely counter trend and had no proper Point D in the pattern.28/04/22 DEAL USD/CHF Mini converted at 1.43157829679355 SD SD-28.63
Funds: SD10,296.33
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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.