UsdChf challenging 4hr trendline from below

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

Kommentera:

Break above the 4hr trendline has happened now
I 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