Trade of the Week: USD/CHF H1: 17-18 March: +4.5% (+90 pips)
For more details and examples of trade, click "Examples of Trade" in the menu
After the big move following the release of the FOMC meeting, the price has dropped and then retraced a bit. The next morning at Francfort Open, while the Ewave bars are peaking on H4, we have a very tight box with an initial SL of 20 pips. We put a pending order below the box who is quickly triggered, the price drops for the second push of the move and we exit the next morning while the price breaks the upper level of the box for +90 pips, +4.5% profit. An another beautiful classical trade!
For more details and examples of trade, click "Examples of Trade" in the menu
After the big move following the release of the FOMC meeting, the price has dropped and then retraced a bit. The next morning at Francfort Open, while the Ewave bars are peaking on H4, we have a very tight box with an initial SL of 20 pips. We put a pending order below the box who is quickly triggered, the price drops for the second push of the move and we exit the next morning while the price breaks the upper level of the box for +90 pips, +4.5% profit. An another beautiful classical trade!
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