FX_IDC:USDCHF   U.S. Dollar / Swiss Franc
I am currently watching this pair over the next few weeks. this is a trade short Idea which hopefully should happen soon. I currently see price has formed an inverse head and shoulder patters but the current neck line is proving difficult to break on the supply zones of 1.00700 region. but with current trade talks and the ZXY index looking weak think we should see a break above the supply zones for the inverse head and shoulders to complete. This is were I will be looking to place some short orders at the 1.03000 supply zones with targets at 0.98000 handle.For now its all about patience and not going to short this pair at this level due to the inverse headed shoulders I see ( based on my style of trading ). I could be wrong but either way I have no risk exposed on this pair at the moment but orders placed are currently sitting at 1.03000
Comment: price almost at my entry. this has taken a very long time but patience always prevails. short positions being placed now and waiting for orders to fulfil.
Trade active: analysis playing out as expected. stops loved to entry at peak. targets almost reached at the 0.98000 level.
Trade closed: target reached: .
How did this 1 play out mate?
Reply
kev1237033 ApexFX_Pro
@ApexFX_Pro, hey buddy. I did not take this trade. as per comments in the post. I only had a pending order awaiting at the very top supply zones at 1.30000.. I am still waiting for that. and only if the neck line breaks on the inverse right shoulder. so until that happens am not touching this. i could be wrong in a sense that it will not reach there but rather break that ascending Trend line. so for now I am just being patience and waiting.
+1 Reply
ApexFX_Pro kev1237033
@kev1237033, Ah yes sorry I must have missed that bit, placing orders at key levels and been patient is deffo the way to trade
Reply
kev1237033 ApexFX_Pro
@ApexFX_Pro, haha thats ok bro. and yes you are correct. also because my life style which is due to me having a 9-5 I use pending orders and my analysis are solely based daily time frames only. so I tend to make more pips when analysis go right with good risk management and also take 3-6 trades in a month some times nothing lol.
+1 Reply
ApexFX_Pro kev1237033
@kev1237033, I like a bit of swing trading myself :) well keep it up and I'm sure you will be out of that 9-5 in no time mate.
Reply
kev1237033 ApexFX_Pro
@ApexFX_Pro, thanks bro. hopefully it all comes out well as planned.. plan the trade trade the plan they say haha... love your analysis by the way solid stuff you got there
+1 Reply
ApexFX_Pro kev1237033
@kev1237033, I'm sure it will if you keep putting the work in. Cheers mate, we try to keep our analysis fun although some of it is borderline risky haha
Reply
kev1237033 ApexFX_Pro
@ApexFX_Pro, work rate at a 10000% at the moment with slow and steady organic growth. 2 years lost 3rd year now and massive growth I have seen...
hahaha so far as you killing it bro thats all that matters...
+1 Reply
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