USD/CHF LONG - Bounce off Tendline

a doji has been created on the H4 chart just on the descending trendily, in the long-term i believe the pair will retrace back to the monthly resistance. However, I believe we can catch a retracement back to the H4 resistance level. Also, if you draw a fib, the H4 resistance also lines up with the 0.618 level.
TP @ 1.00472
SL @ 1.01742
R/R @ 4.00

Bình luận:

I made a mistake and wrote my TP & SL the wrong way round.
TP @ 1.01742
SL @ 1.00472

Đóng lệnh: dừng lỗ:

Stopped out to the pip off of the fundamental news.

Bình luận:

Should have had TP @ 1.0117 level as that was the next resistance. Silly placement of TP when you can see the pair is clearly in a downtrend, why be over optimistic with the TP level.