USDCHF-Potential counter-trend setup (2 WK BULL ENGULF PATTERNS)

2017年5月1日

Here's a pair I haven't trade for a very long time, the USDCHF. Price is in a downtrend in the daily. Now price has reached a significant support level + weekly demand zone that has produced two weekly bullish engulfing patterns. We could see a potential burst of price movement to the upside.

If a trend-break occurs, look out for the pullback.

2017年5月3日

註釋

added another order around 0.98700 level.

2017年5月4日

註釋

Price is consolidating above daily demand area. market is in equilibrium at the moment. Order switched to stop order above range. Hopefully could catch the trade at breakout.