USDCHF, Reversal trend on H4.

٢٨ أكتوبر ٢٠١٨

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

٢٩ أكتوبر ٢٠١٨

ملاحظة

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

٢٩ أكتوبر ٢٠١٨

تم فتح الصفقة

There you GO...

٢٩ أكتوبر ٢٠١٨

ملاحظة

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

٣٠ أكتوبر ٢٠١٨

ملاحظة

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

٣٠ أكتوبر ٢٠١٨

أغلقت الصفقة: تم الوصول لوقف الخسارة

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