H&S on GBPCHF on the 1H & 4H charts at almost the same levels of H&S formed in March.
1. H&S was formed on the same support zone as in March
2. Price is on the upward trendline
3. RSI oversold
*If it fails to break the support and trendline levels, I would look for a continuation of our uptrend trade.
*If it breaks the support and trendline down, I will wait for a retest of the support (then resistance) zone.
Then I would look for sell set up (and taking the profits on our existing Long trade).
Trade with a tested strategy.
1. H&S was formed on the same support zone as in March
2. Price is on the upward trendline
3. RSI oversold
*If it fails to break the support and trendline levels, I would look for a continuation of our uptrend trade.
*If it breaks the support and trendline down, I will wait for a retest of the support (then resistance) zone.
Then I would look for sell set up (and taking the profits on our existing Long trade).
Trade with a tested strategy.
Dagangan aktif
Sell limit triggered by the pull back @ 1.4040*SL @ 1.4145
*TP1 @ 1.3920 (0.382 retracement)
*TP2 @ 1.3820 (0.5 retracement)
*TP3 @ 1.3730 (0.618 retracement, and previous support and resistance zones)
Trade with care.
Nota
+120 pips. Part of trade has been closed. Other part has been set to break even.Nota
Other part of trade closed at break-even.Looking to re-enter a short again due to price rejection at the shoulder line and RSI overbought on 4H.
Have a great week.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.