GBPCHF Quick Long Setup 1.22 / 1.2235

Hello traders,

The corrective flat structure within the bigger corrective/reversal pattern looks to be finished.
Don’t expect a full reversal even though that is possible.
For now, We have this quick 1.15:1 RR setup.

SO 1.20182
TP 1.22351
SL 1.18297


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Thank you,
Good luck

Comentário:

Hello guys, I am looking to manually close this trade soon because with the current price action in my opinion it is more likely that the setup will fail and dump.

Comentário:

Moved my stop loss to 1.1951 because it might just dump quickly so I want to cut my losses. If it slowly goes back up to my entry I will close for BE.

Comentário:

Price is coming back up strongly, I will be waiting for break even and watch the action closely in smaller time frame. I will update you on what I do next!

Comentário:

Stop loss moved to 1.1986

Trade fechado manualmente:

Took break even, I will wait for another setup.

Comentário:

To anyone who is still in the trade, congratulations you are doing well so far.
I had to go to sleep so I didn't want to risk staying in it. If I get another good setup I will take it and update you.

Comentário:

Move your stops or take your profit. Don't risk getting taken out for break even after this whole move.

Comentário:

Good job to all who took this trade!