USDCHF 90m Long
Updated
Reasons for entry long:
1. We have experienced a significant Retracement to a fib level.
2. I have identified a good level of latent orders which has started to create a bounce.
3. 50% bounce of most recent drop is feasible.
Money management rules:
A. Risk no more that 1% of account on the trade
B. 1/2 off at 2:1
C. 1/2 off at target
1. We have experienced a significant Retracement to a fib level.
2. I have identified a good level of latent orders which has started to create a bounce.
3. 50% bounce of most recent drop is feasible.
Money management rules:
A. Risk no more that 1% of account on the trade
B. 1/2 off at 2:1
C. 1/2 off at target
Note
The stop may have been drawn a bit close here. -1%watch lower timeframe (5m) for engulfing candles...
this trade warrants another shot... especially at 4+R possibility.
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.