USD/CHF BULLISH REVERSAL OR BEARISH BREAKOUT

2019年3月6日

2019年3月6日

评论

A triangle is in formation.

2019年3月6日

评论

The triangle were breached and I thus set a rectangle which has also been breached.

2019年3月6日

交易开始

I have opened a position as indicated. But I will still be watching out for the possibility of a reversal or support at levels indicated on the chart.

2019年3月6日

交易开始

The last candle (on the chart above) has retracted into the box, delaying the bearish stance. I had put a wide stop loss, otherwise I would have been taken out of the position.

LESSON: Wait for candle closing before entry decisions.

2019年3月6日

评论

Bearish stance is still strong as the double hanging man candles has been formed inside the channel. Although, preceding strong move could cause price to move higher if has not deteriorated

2019年3月6日

评论

As can be seen, price could still make a strong bullish move

2019年3月7日

交易开始

After what I I suggested might have been a hanging man in formation, a strong bearish candle followed which were then retracted with weak bullish candles that keeps on suggesting that my bearish stance might be strong.

Although, I will keep on watching for further confirmations.

So far this might just be a paus in a pending bullish move.

2019年3月7日

评论

Still waiting for further changes

2019年3月7日

评论

This moment I have to be keen to watch out for what might hapen because price is right on the channel resistance, hence can display its bias.

2019年3月8日

评论

Despite what I thought could have been some bearish strength for, price made a strong bullish move away from the blue box.

2019年3月8日

评论

It has crossed the last swing high (as indicated) and is now testing the resistance level of a major triangle as can be seen in charts bellow.

2019年3月8日

交易结束：到达止损

My position were crossed by a stop loss order

LESSON: When price is at a major zone, anything can happen, a breakout, reversal or range. Just pay attention to the price.

2019年3月8日

评论

NEW OPPORTUNITY:

As price is currently around the resistance zone, a good opportunity can be created by the breakout, reversal or range. I will be watching the progress with a keen eye.