Alright, after identifying a possible bounce in support from last week Friday on USD, i have identified a possible entry where i will taking a long USDCHF position.
****This SET-UP is A Pending Order* And I Will Only Enter A Position Once :
Price Breaks Trend line (Buying the break in structure)(Candle Close)
&&
If Price Break Resistance (Candle Close)
Which has been stated on the chart.
Great Risk To Reward
P.s Im not A God and I Will loose some trades,
However the aim is too lose some and WIN MORE with managing risk.
and take the opportunities which are presented towards you
Good Luck
Below Is A Previous USDCHF Trade which i posted which will enable you to see the understanding of price regarding UCHF
****This SET-UP is A Pending Order* And I Will Only Enter A Position Once :
Price Breaks Trend line (Buying the break in structure)(Candle Close)
&&
If Price Break Resistance (Candle Close)
Which has been stated on the chart.
Great Risk To Reward
P.s Im not A God and I Will loose some trades,
However the aim is too lose some and WIN MORE with managing risk.
and take the opportunities which are presented towards you
Good Luck
Below Is A Previous USDCHF Trade which i posted which will enable you to see the understanding of price regarding UCHF
Trade active
Note
Price Has Broken Out As Expected, Now I'm Expecting A Re-Test, Reject Scenario Or This Set-up Could Be Over Before It Even StartedTrade closed: stop reached
Stopped Out (False BreakOut)Note
May of had a very tight stop loss (6.6risk reward) If that the case will re-enter if i see fitNote
<deleted>Note
Alright, After getting stopped out on first attempt due to a ridiculously tight stop loss on my behalf for a trade like this with so much potential, i have re-enterted and currently siting at +30pips gyazo.com/aeed8a5b1d77c5d3d403e7d995962cc3I have decided to make the re-entry chart prv8, but links to it will be found in the description
Trade active
USDCHF Currently sitting at Plus 60PIPS with stops BE ^^ Above is my re-entry postNote
Note
Stop Loss - BreakevenNote
Trade Close @ Breakeven
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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.