USDCHF, Reversal trend on H4.

28 thg 10, 2018

D1:
- Tendency: upward and weakening
- Test resistance W1, given reversal candle
--> Waiting downward pullback

H4:
- Structure: Uptrend
- Test resistance week
- Given signal: Sell
- Breakout trendline
--> Waiting downward pullback

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Thanks

29 thg 10, 2018

Ghi chú

This gonna go up more, don't FOMO to short sell too soon

29 thg 10, 2018

Giao dịch đang hoạt động

There you GO...

29 thg 10, 2018

Ghi chú

Set the Stoploss of this trade lightly above the previous Top to make tight Stoploss in case it breaks with strenght and focus on the other trades of the day which leverages when USD shows strenght

30 thg 10, 2018

Ghi chú

Some people asked if they continue to Short sell this. H4 closed give a bearish candle with good bearish body. So it's not bad to go for short with very tight Stoploss above Top. This is not a proper setup, but it's a good trade off from R/R.

I always go for R/R ratio, so no matter what it's trend following or counter-trend as long as provided good R/R, it's all good trades. Don't make things complicated

30 thg 10, 2018

Đóng lệnh: dừng lỗ

Reached Stop. It's a small stoploss, get over quick and trade the pending deals