Hey guys, this is a new pattern completion I spotted on USDCHF.
I am expecting it to break 1.01, complete the butterfly pattern before reversing.
EP: 1.01
SL: 1.0150
TP: 0.9870
I am expecting it to break 1.01, complete the butterfly pattern before reversing.
EP: 1.01
SL: 1.0150
TP: 0.9870
Nota
Very close to my entry level.My only concern is RSI is still not overbought, will continue to be patient and short only when RSI is at overbought.
Nota
Rejection bar complete with RSI overbought. I'm short at 1.0080.
SL 1.0130 (50)
Profit target open for now
Trade chiuso: stop raggiunto
I have been stopped out on this, taking a loss of 50 pips. As you can see, I am unaffected by the volatility.
I have a trading system, and I stick by my rules.
Even though I take small losses along the way, this has allowed me to ride out the good winners.
The 2nd retest of the PRZ is usually good enough to propell the trade towards my target. However, it bashed strongly upwards and I have been taken out.
Moving on to my next quality setup.
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.