Possible Trade in Progress - GBPCHF- #LONG - #QuickPips #Forex
Hi Guys,
As usual, i'm posting my trade setups as i seem them occurring.
Onto the TA:
We've currently at support at S1. As you can see it's been used historically as support via the green circles.
The Top Level Resistance is above, labelled R1, and if you pan left, you can see it's been used historically as support and resistance. D1 is our upward resistance, and our TakeProfit/Close Position will be at the cross of the R1/D1 range.
Line a represents our current downward trend line , this would need to break or we'll need to have sideways movement past the trendline a, before we could enter a trade LONG.
If the following happens, i will no longer place this trade:
Line a is still in play, i.e. price action remains beneath it
S1 breaks, and the price moves significantly below it.
Thank you for taking the time to read this,
For_The_Many
As usual, i'm posting my trade setups as i seem them occurring.
Onto the TA:
We've currently at support at S1. As you can see it's been used historically as support via the green circles.
The Top Level Resistance is above, labelled R1, and if you pan left, you can see it's been used historically as support and resistance. D1 is our upward resistance, and our TakeProfit/Close Position will be at the cross of the R1/D1 range.
Line a represents our current downward trend line , this would need to break or we'll need to have sideways movement past the trendline a, before we could enter a trade LONG.
If the following happens, i will no longer place this trade:
Line a is still in play, i.e. price action remains beneath it
S1 breaks, and the price moves significantly below it.
Thank you for taking the time to read this,
For_The_Many
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