Watching to see what happens to this bar setting Tp just above recent lows and setting SL just above a recent spike up
Hopefully this keeps up, set my SL to just below one of the next support lines, Will manage the risk promptly if it goes south, may also move the TP higher
Looks like it will bounce nicely up from here, I will be vigilant were I TP as it is still having lower highs so may need to TP a bit earlier but i will see how it goes
Has hit previous support hoping for it to bounce down to 88.006
Looks to be bouncing nicely from the lower support line looking for a buy upon market open, Looking to TP at 1.09775 just in case it does not want to go any further up and acts as a resistance, keeping the SL tight won't risk more than 1.5% for this trade.
Looking for a pullback into the recent resistance zone then we can hopefully ride it up to were it was on the 18th
Break and retest, hoping for a nice bounce of the resistance bar.
Want to keep the SL fairly tight on this as it has strictly hit a resistance when it has hit it in the past so if it goes above it may keep going, may not enter the trade so is more of a food for thought post.
GBP/CHF showing some nice resistance at this bar some possible good sells
let me know your opinion on this trade
Should meet with some resistance at the bar to make some nice profits