Hi All,
Just a quick update on this pair. Typical FX trade. As a trader we tend to speculate and as far as patterns, charting goes you want to be able to look for the details in your back testing manual that would make you come out on top of the fx world. This trade is one of our swing trades we have manage properly to get us to this point. Our P&L is still intact and I must say I'm still on the bearish camp on CHF. 119.30x is the 50% fib retracement following on from the 38% Fib that was easily by pass. Only a break of the 120.102 region would invalidate the bearish move to 110.XXX for the end of year.
If you are not already in the trade you can monitor the extension of that level or if you are more or less an aggressive trader, as we happen to be on our second entry at the 38% fib then the 50% fib with SL above 68% would be a perfect entry to swing the trade.
In the meantime likes , comments and shares are welcome.
Many Thanks
Just a quick update on this pair. Typical FX trade. As a trader we tend to speculate and as far as patterns, charting goes you want to be able to look for the details in your back testing manual that would make you come out on top of the fx world. This trade is one of our swing trades we have manage properly to get us to this point. Our P&L is still intact and I must say I'm still on the bearish camp on CHF. 119.30x is the 50% fib retracement following on from the 38% Fib that was easily by pass. Only a break of the 120.102 region would invalidate the bearish move to 110.XXX for the end of year.
If you are not already in the trade you can monitor the extension of that level or if you are more or less an aggressive trader, as we happen to be on our second entry at the 38% fib then the 50% fib with SL above 68% would be a perfect entry to swing the trade.
In the meantime likes , comments and shares are welcome.
Many Thanks
Trade active
Trade closed: stop reached
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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.