Trend correction on USDCHF
Updated
Situation:
USDCHF is correcting an uptrend on the day chart (see picture below).
On the 1H chart we see a broken uptrend (yellow) and the ongoing downtrend (pink).
Plan:
Before the correction of the day trend ends, we want to short USDCHF at the red dashed line.
Execution:
Trading the downtrend with SL at the last lower high.
Day Chart:
USDCHF is correcting an uptrend on the day chart (see picture below).
On the 1H chart we see a broken uptrend (yellow) and the ongoing downtrend (pink).
Plan:
Before the correction of the day trend ends, we want to short USDCHF at the red dashed line.
Execution:
Trading the downtrend with SL at the last lower high.
Day Chart:
Trade closed: stop reached
Short order got exectued and almost instantly stopped. Trade closed.
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