USDCHF: SHORT UPDATE
I have been shorting and posting about the bearish trend on the DollarSwiss since I first got a trade signal on 07.25. I took my fist short almost a month later on 08.21, which you can see here hit the first target. Another lot hit the second target which you can view here. After hitting the second target I mentioned that getting to my third target would take a little more time. It turned out I was correct as the pair entered a range after finding initial support on 08.31. We're still in that range and target three is still some ways away @0.95855, approximately 320 pips from 07.25 trade signal.
Price action will need to close below the bottom of the range boundary @0.96450. If this takes place there is no significant support until we reach the top of the next Demand zone, which is also located at the 200% fib extension from the 07.13 high.
Price action will need to close below the bottom of the range boundary @0.96450. If this takes place there is no significant support until we reach the top of the next Demand zone, which is also located at the 200% fib extension from the 07.13 high.
Trading ditutup: target tercapai
I hit the third target, but there is still much downside for this pair to go. I'm awaiting a pullback and/or a break below the current support level and move away from the current range.
Publikasi terkait
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.
Publikasi terkait
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.