Secured a nice profit from that last one:
Going short on USDCHF. The price seems to be quite oversold, having moved far with no retracement. There is a significant level at 0.965 so that will keep the price from going much further. Take profit at 0.9605. Up 20 pips already as I post this.
That last trade worked out nicely:
My next trade is on a bit longer timeframe, looking for 50 pips or so. I like to respect the 00 levels, so I've put my stop/limit on the appropriate side of each.
Looking at USD CHF, the price seems a little oversold, and we are right at a point of support, so I went long.
I put my target at 0.9548, just under the 0.005 significant level.
Long from 1.13738.
I am seeing a lot of current support, and increasing highs/lows.
Looking to take it to the %50 level, where there is also some resistance.
Hey all, I'll be posting my trades in here, primarily to keep myself accountable for each trade.
I trade almost exclusively based on significant levels, derived from support/resistance and fib levels.
Feedback is welcome!
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