I think you got a good one. I did not get this because in the 4h it did not showed a clear pullback and continuation, the price just continue down. But now that I see your chart I realise that the break of the 0.87500 was a good entry, same like you did.
Yesterday I enter eurchf and get stoped for 2 pips. After that he made 200 pips move to my side. : (
I´m following usdchf, but must see H4 that price is too far from dinamic area.
Ignored
Yes, that EURCHF had 3 gorgeous SMAs, I didnt see that one.
As for the USDCHF, if you use 1H for trend, it doesnt look too bad. The return uptrend is hitting the 38 fib level...
Can anyone explain if the break out pull back reversal must only be seen on the trigger chart? Is the trade not viable if the break out pull back continuation is on the 'trend' chart? In this case the 1H USDCHF trigger chart would be the 15 min chart and the break out pull back has taken loads of bars....
I pity the fool who trades against the trend!!! Sucker!!!
Yes, that EURCHF had 3 gorgeous SMAs, I didnt see that one.
As for the USDCHF, if you use 1H for trend, it doesnt look too bad. The return uptrend is hitting the 38 fib level...
Can anyone explain if the break out pull back reversal must only be seen on the trigger chart? Is the trade not viable if the break out pull back continuation is on the 'trend' chart? In this case the 1H USDCHF trigger chart would be the 15 min chart and the break out pull back has taken loads of bars....
Ignored
Can you attach chart please. it will make it much more clearer
Today is friday and NFP day, so its better not trade.
Look the H4, the price is far way from Dinamic Area.
Ignored
I agree with junior; but the trade still worked though. i guess that is the benefit of trading with the trend, even if the entry is inelegant, the trade still have a higher probability of turning out profitable.
As per Hector rules the EURCHF (1st chart) retested the did the breakout pull back (though not as far as it should have) continuation and dropped 70 pips. Ideally the first target would have been the previous swing low but we didnt get there. Still, if you were managing the trade you could have locked in profits along the way.
The USDSGD (second chart) is the trade which is going the way I expected after the pull back. The only problem with this trade is that the set up is happening on on the daily (trigger chart) all well and good but the trend chart (weekly) is showing the bounces too far away from the area of dynamic resistance..I think the fact that the we have inverse head and sholders reinforces the reversal to the downside though.
What do you guys think?
Attached Image(s) (click to enlarge)
I pity the fool who trades against the trend!!! Sucker!!!
