This trading setup of USDCHF is based on very simple technique that is price action . Short when it touches the resistance line in order to capture the retracement .
it passed the resistance, is the analysis still valid?
UNLIMITED
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short @ 0.989
sl 13p
tp 0.9673
Macfx
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hey @Daniel-Malik where would you put your stops for this trade?
Daniel-Malik
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Ideally around 15 pips above the resistance line. However, you can consider different stop loss strategies as these days market does not adhere to conventional stop losses.
IttiponTongpead
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thank you Sir
deton8
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how mouch room should i give it above the resistance?