Given the sudden dollar dump at close on Friday, this rally may or may not happen. The ideal point of entry would be on a rally, but if support is crossed with increasing volume that could also be an entry point with a stop inside the trading range.
Order cancelled
Although it's moving in the right direction, I would be very cautious given how strong the dollar is atm. I would wait for a proper reversal before entering. Trade active
Trying a short here, unlikely given the previous move up, but worth the risk. Trade closed: stop reached
Stopped out, tiny loss. Will keep an eye on it, the direction is still inconclusive.Note
Should have stayed in the short, it ended up moving in the right direction, but my SL was too tight. I did end up winning 54 pips on a similar trade. NZDCHF
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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.