USDCHF, Initial Touch of the D-Res Completed.

Pair -
Trade Idea - Looking for go short

Both moving averages are showing strong downtrend.
Price just completed the Touch of the initial D-Res Zone.
Break Below would be a great signal for go short.

Stay tuned with this trade idea for more updates.

Trade active

Place Short trade as the price broke below the trendline.

Note

Price hit the 10 PIPs in profit. Therefore, move Stop loss to 👉 (-2 PIPs) to cut the losses of this trade.

Note

Price Hit 15 PIPs Profit
Move SL to Breakeven. Now this is a Risk Free Trade. 💪

Note

Price Hit 20 PIPs profit, Move SL +3 . Now
this trade have +3 Profit 💪

Note

Trade keep running.
London momentum is getting lower and the few USD news announcement is coming around New York open. It's better to let the trade play out while keeping some profit lock.

Note

Trade Closed here for +3 PIPs

RevenueTrader

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