Trade of the week: USD/CHF H1: 9th of May: +6% (+73 pips)
For more details and examples of trade, click "Examples of Trade" in the menu
After a strong move on the 8th, the price takes a break, we have 2 buy fractals during the night and the next morning, we have a very small box (12 pips), on H4, the ewave is peaking, we place a pending order at Francfort Open (the price actually broke the box before FO but retraced) above the next fractal on the left which is quickly triggered. The price flies, this is the second push of the wave 3, we exit when the price breaks the lower level of the box for +73 pips, which is +6% profit. A lovely classical setup.
For more details and examples of trade, click "Examples of Trade" in the menu
After a strong move on the 8th, the price takes a break, we have 2 buy fractals during the night and the next morning, we have a very small box (12 pips), on H4, the ewave is peaking, we place a pending order at Francfort Open (the price actually broke the box before FO but retraced) above the next fractal on the left which is quickly triggered. The price flies, this is the second push of the wave 3, we exit when the price breaks the lower level of the box for +73 pips, which is +6% profit. A lovely classical setup.
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