USDCHF short
ALOHA traders!
Hope you all had a dominating and profitable end of April! Here's a two trades, one that that I missed getting into but was able to capture a second minor move down where I was hoping for it to break down.
The position I got in only lasted for less than a day, 14 hours with a manual close of +.73%. I was okay with closing it as I didnt want to hold through the battle of high spreads and instead wait for a pullback for a better, long term short entry. However, if price continues to move upward and meet the 4hr 50ema, we may see a bull but not consireidng entering any bull positions at this time as other pairs are looking better.
This is what I saw at the beginning of the week that was so beautiful I had to share an ascending triangle in action!
Daily - had a beautiful ascending triangle with a triple top at a resistance area.
4hr - Within the ascending triangle, and ascending channel with lower highs took place creating a correcting pattern that had potential to break up or fall out of the acceding channel. A break of the 4hr 50 ema was a good sign for me to get in.
1HR - As price was hovering around the 1hr 50ema and still hovering within the ascending channel, I placed a virtual entry order(not on my real account).
original entry was at 50 pips and potential target of recent significant low level for 2%.
Will be keeping my eye on this one for this week as well. Other than that, I've been slow with my trading with only 10 trades this entire month ending at just over Break Even for the month which I am indecent about. There's always profit left on the table but t the same time, very happy with how I've performed over this entire coronavirus situation. I hope this provided some encouragement, enlightenment and down right motivation for you all reading.
Mahalo! May you have a profitable week and even better month! Let's do this MAY!
Hope you all had a dominating and profitable end of April! Here's a two trades, one that that I missed getting into but was able to capture a second minor move down where I was hoping for it to break down.
The position I got in only lasted for less than a day, 14 hours with a manual close of +.73%. I was okay with closing it as I didnt want to hold through the battle of high spreads and instead wait for a pullback for a better, long term short entry. However, if price continues to move upward and meet the 4hr 50ema, we may see a bull but not consireidng entering any bull positions at this time as other pairs are looking better.
This is what I saw at the beginning of the week that was so beautiful I had to share an ascending triangle in action!
Daily - had a beautiful ascending triangle with a triple top at a resistance area.
4hr - Within the ascending triangle, and ascending channel with lower highs took place creating a correcting pattern that had potential to break up or fall out of the acceding channel. A break of the 4hr 50 ema was a good sign for me to get in.
1HR - As price was hovering around the 1hr 50ema and still hovering within the ascending channel, I placed a virtual entry order(not on my real account).
original entry was at 50 pips and potential target of recent significant low level for 2%.
Will be keeping my eye on this one for this week as well. Other than that, I've been slow with my trading with only 10 trades this entire month ending at just over Break Even for the month which I am indecent about. There's always profit left on the table but t the same time, very happy with how I've performed over this entire coronavirus situation. I hope this provided some encouragement, enlightenment and down right motivation for you all reading.
Mahalo! May you have a profitable week and even better month! Let's do this MAY!
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