Situation:
After an uptrend, CHFEUR shows some weakness and struggles to produce a new high.
Plan:
Looking at the current situation, we can try to short CHFEUR at around 0.8787 which is the red dased line.
If the chart crosses this level, we will se a broken trend by definition and can expect some downwars movement.
Execution:
Trading the movement with a TP after 3 Points and a SL 10 points above.
DISCLAIMER: I am by no means anything close to a proffessional. The reason, I post ideas, is to document my trades. There may be no value to you. It might be incorrect analysis. But it certainly helps me sorting my thoughts on charts.
After an uptrend, CHFEUR shows some weakness and struggles to produce a new high.
Plan:
Looking at the current situation, we can try to short CHFEUR at around 0.8787 which is the red dased line.
If the chart crosses this level, we will se a broken trend by definition and can expect some downwars movement.
Execution:
Trading the movement with a TP after 3 Points and a SL 10 points above.
DISCLAIMER: I am by no means anything close to a proffessional. The reason, I post ideas, is to document my trades. There may be no value to you. It might be incorrect analysis. But it certainly helps me sorting my thoughts on charts.