USDCHF potential for a long idea, stoch fib used

Nov 14, 2018

My idea is a continuation of the upward movement given the weak Fibonacci retracement in the past. If the stochastic indicator begin to tick up from the bottom then confidence in this idea increases. I welcome constructive comments from others and feel free to take a look at my other idea's as they have, funnily enough, been doing very well.

Nov 14, 2018

Trade active

SL moved up to 23.6 retracement level, initial target looks well within range. Stochastic still yet to tick up. May move target if it does tick up.

Nov 15, 2018

Trade closed: stop reached

Nov 15, 2018

Note

SL stopped out early, still in profit but target not reached. Will patiently wait and watch to see what the pair does while news is being released.

Nov 26, 2018

Note

Higher time frame in chart needs to be looked at before reconsidering an idea on this pair.