Here we have a short-term bullish trend coming to meet a weekly trendline. During its ascent, price formed multiple resistance levels that it eventually broke through. Now I am waiting for signs of rejection when it meets the long term trendline (zoom-out on a higher timeframe to identify it) to see opportunities for Short entries. This may be a bearish engulfing...
I have entered 3x BUY trades from the 20-Apr based on the HA signal from the 19th of April.
1.20-APR BUY 107.633
2.23-APR BUY 107.953
3.25-APR BUY 109.396
INITIAL STOP 107.000
TRAILING STOP 108.590
USDCHF seems to be heading short following the trend again.
This is the classical trade to be taken early in the trend and compound, adding to the winning position after each retracement (break of the light blue reversal line).
Hopefully this is going the same as the others.
Cheers
