USDCHF at 1.00 s/r

It might be short or long.
The important thing is that trading opportunity will happen here.
Wait and see for the moment.
More likely short, waiting for the signal.

Handel aktiv:

Ok this is tempting..
Open short 0.99960
Sl 1.00080

Kommentera:

I dont know, but on my mt4 chart the h4 price close at 17.00 (gmt +7) and its creating a huge wick resisted hy the 1.00 line.
However in the h4 chart at trading view, it creates an engulfing bar. Both shows diferent candle pattern.
But i still think to short on both chart.

Kommentera:

First hurdle is 0.999 area
It should be a fast break out.
If it stall for a couple of hour, closing it would be the best choice.
Its better to be safe.

Trade stängt manuellt:

Fail to break. Probably retracing back so i close it.
If it gives another short signal, i will open another position

Kommentera:

So on daily chart, i think it is a double top, with price currently testing the neckline.
I have faith on this pair.
I will wait and see the pair movement.

Kommentera:

I think i just make a stupid mistake.
Why do i close my position to begin with!?
The h4 hasnt even close a bar since i open my short position...
And it is breaking out well..
Oh man...

Handel aktiv:

Open at 0.99788
Sl 0.999

Kommentera:

Miss some pip, and an additional spread....
Amateurs.. damn...

Trade stängt: målet nått:

Ok thats it, some mistakes were made, but in the end i made it.

Kommentera:

It may drop much more or not.
I mght trade another in this pair.
But even so it needs more analysis.
So the ideas end here. Look forward for next trade ideas wetyer it is this pair or not.
END

Kommentera:

Case closed
END