USDCHF- H4 Channel Break
Updated
The price action broke the channel here.
Our strategy has rules in place where we need to see valid pull back in price action before taking a short trade on the break of this channel.
We see here that it is consolidating which is a good sign that its going to break to the down side. Keep an eye out on this pair as it will most likely be a quick move.
Our strategy has rules in place where we need to see valid pull back in price action before taking a short trade on the break of this channel.
We see here that it is consolidating which is a good sign that its going to break to the down side. Keep an eye out on this pair as it will most likely be a quick move.
Trade closed: stop reached
unfortunately, our stop was reached before we saw this big move to the downside. Always use a stop loss. Do not let trades like this affect you.
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