Updated

USDCHF at 1.00 s/r

It might be short or long.
The important thing is that trading opportunity will happen here.
Wait and see for the moment.
More likely short, waiting for the signal.

Trade active

Ok this is tempting..
Open short 0.99960
Sl 1.00080

Note

I dont know, but on my mt4 chart the h4 price close at 17.00 (gmt +7) and its creating a huge wick resisted hy the 1.00 line.
However in the h4 chart at trading view, it creates an engulfing bar. Both shows diferent candle pattern.
But i still think to short on both chart.

Note

First hurdle is 0.999 area
It should be a fast break out.
If it stall for a couple of hour, closing it would be the best choice.
Its better to be safe.

Trade closed manually

Fail to break. Probably retracing back so i close it.
If it gives another short signal, i will open another position

Note

So on daily chart, i think it is a double top, with price currently testing the neckline.
I have faith on this pair.
I will wait and see the pair movement.

Note

I think i just make a stupid mistake.
Why do i close my position to begin with!?
The h4 hasnt even close a bar since i open my short position...
And it is breaking out well..
Oh man...

Trade active

Open at 0.99788
Sl 0.999

Note

Miss some pip, and an additional spread....
Amateurs.. damn...

Trade closed: target reached

Ok thats it, some mistakes were made, but in the end i made it.

Note

It may drop much more or not.
I mght trade another in this pair.
But even so it needs more analysis.
So the ideas end here. Look forward for next trade ideas wetyer it is this pair or not.
END

Note

Case closed
END

Jeremiahthetrader

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Jeremiahthetrader