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joelduque

2018May18 USDCHF H1 Trend Reversal

Short
U.S. Dollar / Swiss Franc (FX:USDCHF)  
joelduque  
FX:USDCHF   U.S. Dollar / Swiss Franc
Support and Resistance Chart Patterns Triangle
3
0
supportandresistance chartpattern triangle
USDCHF has been on an uptrend since February 16. I see a descending triangle and there is a red candle breaking and closing below the horizontal support. Price entry is guided by the candle close at 0.99856. Stop loss is based on ATR x 2 while the take profit level has the same number of pips by default.

Trade Setup: Trend Reversal
Price Entry 0.99856
SL 1.00156 | SL pips 30.0
TP1 0.99556 | TP1 pips 30.0
RRR1 1.00
Status/Remarks: TP1 hit! :)
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