EUR/CHF Play

M

mahras2

Now this looks interesting to me.

This pair is overextended so a counter trend play looks to be the smart move. Significant S&R level in the 1.5740-1.5720 region which should be observed. I am also seeing some good divergence in the H1 charts which looks promising.
A move below the S&R level with a stop above it targeting the 1.5650 region looks like a sound play to me.

Any thoughts, comments, ideas?
 
Nice trade. I am waiting for it to see the reaction at the 1.5720 level to initiate a trade. The setup looks great just a matter of strategically picking spots and hitting the turn.
 
Quote from Kastro_316:

I have a current short position open right now. 60 pips + :)

-Kastro
More...
Yeah, Kastro's ahead the curve. :D

Good goin', bro. Way to be fast.

I'm on the other side. Albeit on a simulator. You're lucky! :D

Actually, I'm only trading so many pairs at one time on my live account and EUR/CHF is not one of them.

I'm 17 pips down.

X
 
You must log in or register to reply here.
Back
Top