USDCHF - LONG
Hi,
Full credit for the trades goes to Forecast City (as per their description trade is only valid for price rejection of 0.9075 area - which we are now seeing)
Candle Closes from 10-12 showed rejection from any push downward. 12:00 candle close showed the bullish upside we were looking for to really indicate a push higher.
We are now in the trade
Full credit for the trades goes to Forecast City (as per their description trade is only valid for price rejection of 0.9075 area - which we are now seeing)
Candle Closes from 10-12 showed rejection from any push downward. 12:00 candle close showed the bullish upside we were looking for to really indicate a push higher.
We are now in the trade
Note
Never Ideal when you place a long and the very next candle hits you with a downward move of 20 pips! but we are being patient here, the closes late lastnight and into the early hours showed a solid rejection of the key .90750 level. Market has retraced and we are looking for another entry
Note
This trade has taken its time to play out - however - we can see so many perfect rejections of the 0.90750 area (blackline)I have 3 trades open on this pair at the moment - I am considering taking profit at 0.91200 for 1 of the positions just to bank a tidy little profit as this seems to be an area of resistance that price is trying to break through
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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.