USDCHF - Bullish Engulfing
Updated
USDCHF has formed a significant bullish engulfing candlestick after bouncing off a previous support level. A significant bullish engulfing on the weekly timeframe also recently closed. SL set below previous lows, TP set at previous highs.
Comment
Weekly POV: Comment
Still holding. Price pulled back as expected, and has now formed another bullish engulfing candlestick on the daily time-frame allowing for a re-entry. I have adjusted the long position accordingly, moving the SL slightly below the low of the bullish engulfing candlestick. I now expect price to create new highs in the next few days. Order cancelled
Trade closed at break-even. +- 0 pips.
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