USDCHF 30' Breakout

20 mars 2017

USDCHF is breaking the 30' box. The top of consolidation was just confirmed by previous candles, and the final target is on the top of a bigger consolidation as seen at 1h.
The major resistance zone is 1.00 (big number), which is close to 1:1 risk to reward. If price reach that area I'll bring SL to breakeven.

20 mars 2017

Note

I reduced my SL to 60% of initial position, now under the minor bull flag formed on 30'. The price did break up the consolidation, but struggled to move higher, in part due to lack of volume and volatility.
So, I also have a kind of Time SL, I wanna be in the big breaks, and if the price breaks but so slowly, I make my SL tighter and accept a small loss.

20 mars 2017

Transaction en cours

Price reached 1.00 and as planned I have moved my SL to breakeven now. It's hard to the price go throw these big numbers with no resistance, so I have to protect myself from a possible strong momentum change.

21 mars 2017

Trade fermée manuellement

SL hitted at breakeven. The price did stalled at 1.00 and the momentum reversed, normal reaction of the price.