I’ve been mention this setup earlier on my Twitter account. This the pair that I’ve been discussed yesterday. Price on USDCHF formed a Daily Inside Bar after broken through the old support level. The daily inside bar could be a signal for continuation. Since I’m still bearish on USDCHF, I decide to open short trade if the price could break low of the mother bar. The stop loss would be above the housing candle.
OP: sell 0.9688, SL: 0.9878, TP1: 0.9540, TP2: 0.9350
- Adjust stop loss to break even if the price reach first target.
USDCHF daily chart