Good morning,
Looking at EUR/CHF for a sell today. Anticipating a rejection from the current move and then if I can grab a slight pullback for a better price or one more push up and then a rejection from there. I prefer the second option but will see how this moves. It might turn out into a decent sell.
Looking at EUR/CHF for a sell today. Anticipating a rejection from the current move and then if I can grab a slight pullback for a better price or one more push up and then a rejection from there. I prefer the second option but will see how this moves. It might turn out into a decent sell.
Note
Looking good. Waiting a strong rejection. If I don't get it this setup would be invalidated.Note
I will trust this rejection based on the 15min. I can see also strength coming in from CHF.I am in.
Note
Closed around the entry.Note
Re-entered.Note
After a lot of struggle, it moves. I could have taken a better pair to trade CHF strength though.Note
Closed at 2R.Note
Even though EUR was not a good pair to sell with CHF strength - it was best looking one for me as it comes to the setup. It gave me a good price and chance to place a small stop loss. AUD/CHF and USD/CHF were absolutely the best performers with shallow pullbacks beforehand.
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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.