USDCHF LONG

Price seems to build a pattern based on the previous fractal. The exchange rate continued to make a measured move followed by a push to the upside, now looking to continue into a bullish direction.

Kommentar:

(Journal) Price still below 200 EMA, no signs of reversal, especially with the price of Gold plummeting North, I can see this price relationship being cancelled and a full breakthrough of that 0.97050 and continue short for a bit. Otherwise, I still stick by what I had envisaged on this trade. These psychological supports & resistances are no joke.

Looking to see USDCHF create a new low and I believe it'll be time to look at price moving down.

Trade geschlossen: Ziel wurde erreicht:

TP 160 pips manually closed.