SN_Doumet
Long

EUR/CHF - SHORT TERM BURST COMING?

FX:EURCHF   Euro / Schweizer Franken
Reasons to buy:
1) Inverse H&S at the bottom of a downtrend
2) Bullish 1H Divergence
3) Forming a descending wedge after a strong push up

My personal details:
Long @ Entry: 1.1547, SL: 1.1500, TP: 1.1685

For risk and money management purposes, always determine a max. of 2% risk on every trade.
For example on a $50,000 account, this would be equivalent to 1,25 Lots with an 80 pip stop loss.
Targets and closure of positions may be subject to alteration throughout the course of the trade. This is due to the ever-changing and unpredictable nature of the market.
This post is set to be used and serve as an example and in an educational manner and is not to be taken as direct investment advice.
Kommentar:
snapshot

if the 78.6% doesn't hold then the setup is invalidated
Order storniert: broke through 78.6% without any sign of upside
Yes, possible inverse H&S. Excellent analysis mate.
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SN_Doumet PRO AdamIdris
@AdamIdris, thank you
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