GBPCHF: Pending Sell Setup (#5 Trade)

After reaching the upper parallel of the ascending channel price bounced, dropping to the down breaking below the short term uptrend. It is now developing a corrective structure as it pulls back after the breakout. Very soon we may have a new impulse to the down.

Setup: Sell

Entry level: 1.32149
Stop-loss: 1.33484
Profit target: 1.27964

Risk/Reward: 3.15:1

Trade with care,
John

DISCLAIMER: You are solely responsible for your trading. The possibility exists that you could sustain a loss in excess of your initial investment.

Transaction en cours:

Price broke below the correction before reaching our initial entry level: We are now active with sl, tp and entry as shown in the chart below:

Commentaire:

The setup offers a 4.25:1 R/R

Trade fermée manuellement:

We exit the trade manually with a profit of 65 pips. Later on in the day, we have news and I prefer to book my profit instead of hoping for something big. For those traders who wish to stay in you better move sl at breakeven and at least risk 0 in case, you stopped out

Commentaire:

This trade's result +65pips