USDCHF in daily timeframe. Price is now in a downtrend. It's also in a downtrend in the weekly timeframe.
Lower time frame MA nicely condensed and formed a shooting star exactly at 61% fib level. The body of the candle resides on a strong support/resistance level which is now a resistance. If the level can resist the price from going down in the current daily candle then it should be a short signal for me. I'm following it.
Safe trade...
Thursday 6 July 2017
Tuesday 4 July 2017
Long on AUDJPY, H4
AUDJPY was on the way of forming a tweezer bottom candlestick formation at dynamic support level created by 30 & 50-period moving average.
So I'm planning to go long after the closing of the candle as green.
At the time of writing the article, I'm already entered the trade. So now it's waiting time. I'll let you know the update and publish future images in this post. Keep in touch and trade safe.
I've got out of the trade with a 40 pips profit @ 1:1.5 risk to reward ratio.
So I'm planning to go long after the closing of the candle as green.
At the time of writing the article, I'm already entered the trade. So now it's waiting time. I'll let you know the update and publish future images in this post. Keep in touch and trade safe.
I've got out of the trade with a 40 pips profit @ 1:1.5 risk to reward ratio.
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