hgidharry

USDCHF Final Flag Retracement for BULL Continuation!?

Long
hgidharry Mis à jour   
PEPPERSTONE:USDCHF   Dollar américain / Franc suisse
USDCHF
Time Frame: 1 Hour
Trend: Bull
Pattern:
~Price formed big bull break out @0.8921 AND 0.9005
~Price forming a bull flag on Hourly
~Price always consolidates after a big with trend move
~Buys only @ 0.9005 and 0.9020 Area of Interest


Time Frame: 15 Minute
Trend: Bear
Pattern:
~Price formed a series of lower highs and lows
~Price broke through down trend channel @0.90354
~Price broke down trend channel indicating end of down trend
~Buy if price retraces the 1.618 fib extension of bull leg breakout of down trend channel for price to rally back to 0.90354 where structure last broke

ENTRY
Buy @ 0.90166 which is at 1.618 fib extension of bull leg breakout of down trend channel
SL @ 0.90121
TP @ 0.90416
Transaction en cours:
Buy Position Active
Entry @ 0.90166
SL @ 0.9012
TP @ 0.9040
Sellers tried to push price lower and failed.
Looking for a breakout rally to the 0.9040 which is where price last broke structure and the 0.5 FIb of current bear leg.
Trade fermée: cible de profit atteinte:
TP Hit @ 0.9040 hit Wednesday 10th April @ 10:30am
Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.