Hi,
My idea on EUR/CHF:
Daily chart - strong upside movement. There is still space between the last aggressive sell ( space to buy).
H4/H1 - I saw the price was pulling back towards the recent H4 support super slowly. As it was pulling back it made a low and then
a lot of unsuccessful attempts for new lows from the same area, making me thing this resistance is becoming weak in zone of buyers.
So, I took a buy here with a SL below the entire botm area (1.1670), targeting the highs.
My idea on EUR/CHF:
Daily chart - strong upside movement. There is still space between the last aggressive sell ( space to buy).
H4/H1 - I saw the price was pulling back towards the recent H4 support super slowly. As it was pulling back it made a low and then
a lot of unsuccessful attempts for new lows from the same area, making me thing this resistance is becoming weak in zone of buyers.
So, I took a buy here with a SL below the entire botm area (1.1670), targeting the highs.
Note
I am closing all positions at breakeven because of libor rate news today. Spikes are likely and this particular analysis was based on small time frames which make the stops vulnerable during such news events.Note
Re-entered.Note
Managed to close this one manually at 70% profit. Just noticed that my tp was missed by 5 pips or so.
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.
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.