Weekly Structure - Downtrend
Daily Structure - Downtrend
USD-CHF has a big drop between 22nd and 29th of March reaching 0.95000. The price had been climbing until get stucked around 0.96800 level. It created a triple top showing some exhaustion and also since the price is on a downtrend a new touch on the descending trendline, showing that price could drop in the next days.
TP1 - 0.96000
TP2 - 0.95000
SL - 0.96974
R/R - 5.2
Good Luck!!!
Daily Structure - Downtrend
USD-CHF has a big drop between 22nd and 29th of March reaching 0.95000. The price had been climbing until get stucked around 0.96800 level. It created a triple top showing some exhaustion and also since the price is on a downtrend a new touch on the descending trendline, showing that price could drop in the next days.
TP1 - 0.96000
TP2 - 0.95000
SL - 0.96974
R/R - 5.2
Good Luck!!!
Kommentera:
Trade Closed. Stop loss hitted.
Kommentera:
Re-Entered the Trade at 0.97200 level. Previous support on the downtrend as been re-tested and the price could drop, that's my view on this. I still believe in this trade. Good Luck for me :)
Kommentera:
H&S Pattern on 5 min chart showing possible signs of price reversion.
H&S Pattern on 5 min chart showing possible signs of price reversion.
Kommentera:
Trade Closed. Price continue to move higher.