Oil is mixed at the moment. But it's at a good level to buy. At $22 it's very cheap. But it could go lower because there's not much demand for it at the moment.
Virtually all countries going into "lock-down", so no consumer activity happening. My initial idea was to "buy and hold" until $60, but the swap is a killer at the moment.
Currently there's double bottom forming on the 1hr at the 61.8% fibo at about 22.00 area, currently a good support. No proper PA at this level, so just waiting. Target would be the 25.00 area, and then short from there again.
usdchf 4H chart. Breakout with a two bar low higher close .The bar closed at 0.9695 bought above round number 0.9700.
0.9718-0.9728 was first trouble area. Risk management was very easy I was ready to cut the trade under round numnber 0,9700 but price didn't drop much after it reached the FTA.
Stop @ +10 pips under the PPZ ( which was the FTA ) targeting around 0.9830
Nice Pin Bar on the daily. More than 1000 pip range, so the stop above the pin will be huge. Hoping to get another retrace to the 2690 area to enter short.
Will watch PA on lower timeframes for an entry too.