TRADE TYPE: INSTANT ENTRY LONG TRADE DIRECTION: LONG TIMEFRAME: 4H ENTRY PRICE: 0.89370 STOP LOSS: 0.88850 TAKE PROFIT: 0.90385 RISK TO REWARD: > 1:1
ANALYSIS: Price broke the supply zone comfortably and now shall look to aim towards the upcoming supply zone . stop loss ideally placed below swing low
Follow this thread for any future updates regarding this specific trade.
CAUTION: Trading outcome is Probability Based and could wipe out your account if risk management and strategy is not followed properly. Cheers
Trade active
Note
Numerous USD pairs are showing chart patterns that are in favor of USD strength on 4H timeframe. USDCHF being one of them. its a good confluence factor to have in this scenario. Expecting the price to keep rising steadily to our desired target. keep following this thread for any future updates
Note
KINDLY ADJUST THE STOP LOSS TO 0.88800 LEVEL. RR IS STILL <1:1 IN THIS CASE
Note
KINDLY ADJUST THE STOP LOSS TO 0.88600 LEVEL. RR IS STILL > 1:1 IN THIS CASE
Note
KINDLY ADJUST STOP LOSS UPWARDS TO 0.88700.
Trade closed: stop reached
Kindly close the position when market opens. STOP LOSS has been HIT. Demand zone that was the support has been broken
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