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SELL USD/CHF at 1.0704
TP at 1.0661
SL 1.0745
Reason : RT that performing on my trendline and 200 SMA, price just break 89 SMA and not retrade to 21 EMA yet, a long tail in circle area.
Any comment for this trade ?Ignored
I think you have to understand better what Ira and Raymond have been saying about trending market and consolidation.
Look at my chart.
Look at the channel I have drawn and look at how entangled together are the different MA's. I see a breakout of the channel with a retest of the trendline and going up...
Hope that helps....
Cheers