USDCHF - LONG

25 août 2020

Hi,

Full credit for the trades goes to Forecast City (as per their description trade is only valid for price rejection of 0.9075 area - which we are now seeing)

Candle Closes from 10-12 showed rejection from any push downward. 12:00 candle close showed the bullish upside we were looking for to really indicate a push higher.

We are now in the trade

26 août 2020

Note

Never Ideal when you place a long and the very next candle hits you with a downward move of 20 pips! but we are being patient here, the closes late lastnight and into the early hours showed a solid rejection of the key .90750 level.

Market has retraced and we are looking for another entry

27 août 2020

Note

This trade has taken its time to play out - however - we can see so many perfect rejections of the 0.90750 area (blackline)

I have 3 trades open on this pair at the moment - I am considering taking profit at 0.91200 for 1 of the positions just to bank a tidy little profit as this seems to be an area of resistance that price is trying to break through