Kevin Pyne

Open Signal

Bullish USDCHF Daily

5/14/21 | Majors | M15 | Long

Updated 4HR Days Ago

Signals Closed

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Position Symbol Timeframe Trigger Entry Target Price Stop Time Stop Results
Long USDCHF 4HR .9125 .9125-.9085 .9225 .9075 5/14/21 -50 pips

Signal Instructions

Another signal! Two days in a row, how about that? 😉

We are looking to buy in to the USDCHF. Sellers have dominated but there is momentum and strength divergence and due for a bounce here for an intermediate trade. We've got a double bottom with divergence after a long spell of selling.  Risk reward is ideal, there's always risk that this could continue, that why we have stops.

Update: after a week and a half and one close shave last week by only 5 pips, this trade was not meant to be. First loss of our new signals of 50 pips.  The conditions are still close to another buy but I would wait to see if this market comes down a bit more into support by 20-30 pips and if it does, we may have another signal to have another go at it. If at first you don't succeed, then you might be a swing trader.

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