Trade of the week: USD/CHF H1: 1-2 of November: +10% (+150 pips)
For more details and examples of trade, click "Examples of Trade" in the menu
On the first of November, on D1, we have an inside bar following a big BDC, on H4 we can see a clear 1-2 move. On H1, we have a wave 3 down following a wave 4 with a very small box. We place a pending order below the box (SL in the other side of the box is only less than 15 pips away) which is triggered at FO, the price drops with 11 bearish candles in the row. We exit the next day while the price breaks the upper level of the box for +150 pips, a massive +10% profit trade.
For more details and examples of trade, click "Examples of Trade" in the menu
On the first of November, on D1, we have an inside bar following a big BDC, on H4 we can see a clear 1-2 move. On H1, we have a wave 3 down following a wave 4 with a very small box. We place a pending order below the box (SL in the other side of the box is only less than 15 pips away) which is triggered at FO, the price drops with 11 bearish candles in the row. We exit the next day while the price breaks the upper level of the box for +150 pips, a massive +10% profit trade.
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