USD/CHF SHORT - Descending Wedge/Bearish Engulfing

The pair is on a downward trend to monthly resistance, it has reached a higher low and is now making a lower low. Another confluence is the 4HR bearish engulfing candle, and also the price bouncing from the top trend line of the wedge.

TP @ 0.99390
SL @ 1.00111
R/R @ 1.75

Trade stängt: Stopp nått:

Should have noticed the pair already touched a strong previous daily support on the lat swing low H4.

Kommentera:

I also moved the TP to 1 R/R, which made the loss -4% of my account.

Kommentera:

Would have won this trade had it not had a tight stop.