USDCHF | Perspective for the new week | follow- up detail

已更新
The momentum drive on the USDCF has been bullish since the beginning of the year and the breakout of the bearish trendline on the daily timeframe coupled with the appearance of a double top look-a-like structure during the latter part of last week's trade session could be a signal of a reversal phase evolving. However, I still hold a strong bullish bias on this pair and the proposed retracement move could be an attempt to retest the structure broken at the 0.95700 area

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Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
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Past performance is not necessarily indicative of future results.
註釋
The direction participants in this market are tending toward is still looking bullish at this point. Let's see if a breakout/retest of the 0.98350 level will happen to join the potential rally. However, a breakdown/retest of the bullish trendline will incite selling opportunities.

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Good morning
交易進行
A breakdown of the bullish trendline has happened

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交易進行
Running in profit as price is below the key level at 0.98000. Moving stop to break even

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Good morning
交易進行
Break-even and re-entry triggered. With 19pips running in profit, I am moving my stop to break even to protect my position.

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Good morning
交易進行
Price appears to be doing a retest of the bullish trendline that was broken to the downside yesterday. So, are we going to see a reversal pattern under this line to incite a downtrend (below 0.98350 for selling opportunity) or is there going to be an outright breakout of the line where a retest will establish a bullish setup?

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交易進行
We finally witness a retest of the bullish trendline to give a bearish signal from a technical standpoint.

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Good morning
交易進行
Moving my stop-loss to protect my position

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交易進行
Still running as expected; locking in some profit

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Good morning
交易結束:目標達成
TP taken with a total of 225pips profit (double entry)

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necklinetraderpriceactionreversalpatternTrend AnalysistrendcontinuationpatternUSDCHFusdchfanalysisusdchfshortusdchfsignals

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