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RevenueTrader

USDCHF, Initial Touch of the D-Res Completed.

Short
U.S. Dollar / Swiss Franc (FX:USDCHF)  
RevenueTrader Updated   
FX:USDCHF   U.S. Dollar / Swiss Franc
Trend Analysis Chart Patterns trend breakouttrading
2
0
trendanalysis chartpattern trend breakouttrading
Pair - USDCHF
Trade Idea - Looking for go short

  • Both moving averages are showing strong downtrend.
  • Price just completed the Touch of the initial D-Res Zone.
  • Break Below would be a great signal for go short.

Stay tuned with this trade idea for more updates.
Trade active:
snapshot

Place Short trade as the price broke below the trendline.
Comment:
snapshot

Price hit the 10 PIPs in profit. Therefore, move Stop loss to 👉 (-2 PIPs) to cut the losses of this trade.
Comment:
snapshot

Price Hit 15 PIPs Profit
Move SL to Breakeven. Now this is a Risk Free Trade. 💪
Comment:
snapshot

Price Hit 20 PIPs profit, Move SL +3 . Now
this trade have +3 Profit 💪
Comment:
Trade keep running.
London momentum is getting lower and the few USD news announcement is coming around New York open. It's better to let the trade play out while keeping some profit lock.
Comment:
snapshot

Trade Closed here for +3 PIPs
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