UsdChf challenging 4hr trendline from below
Updated
UsdChf is currently trying to break back above the 4hr trenline
The pair will have to hold above 0.9725 to confirm a break back up
A break back up, in my opinion, will make the breakout this morning a fake breakout
The plan is to buy a breakout conformation, and a apply a tight SL below trendline
The target will be up to you - how far can Chf recover - I will hold on to my long till 0.98
The pair will have to hold above 0.9725 to confirm a break back up
A break back up, in my opinion, will make the breakout this morning a fake breakout
The plan is to buy a breakout conformation, and a apply a tight SL below trendline
The target will be up to you - how far can Chf recover - I will hold on to my long till 0.98
Note
Break above the 4hr trendline has happened nowI am long at 0.9730 - with a SL at the bottom of this 4hr candle at 0.9715
So, a 15 pip SL
My target is around 0.98, depending on how recovery goes, I will move my stop to breakeven once we reach 0.9750
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.