Hi guys,
coming from a slow week last week we are now getting another setup. USDCHF is retesting the recent horizontal support zone with a lowtest, while also rejecting the major 0.5 Fibonacci retracement level. A 50 EMA retest would've been awesome, but this price action is enough for me to justify an entry. With 5 confluence factors this trade is a B in my category, and thus its fitting my trading plan.
The stop will be set below recent price action, the target is set at the recent highs and the next horizontal resistance level.
Happy trading
coming from a slow week last week we are now getting another setup. USDCHF is retesting the recent horizontal support zone with a lowtest, while also rejecting the major 0.5 Fibonacci retracement level. A 50 EMA retest would've been awesome, but this price action is enough for me to justify an entry. With 5 confluence factors this trade is a B in my category, and thus its fitting my trading plan.
The stop will be set below recent price action, the target is set at the recent highs and the next horizontal resistance level.
Happy trading
トレード稼働中:
Trade is live!
トレード終了: 利益確定目標に到達:
Trade closed for a profit of 1.40%