Trade of the week: USD/CHF H1-H4 on the 23-25 of January : +9.5% (+342 pips)
For more details and examples of trade, click "Examples of Trade" in the menu
On the 23rd, on D1, we are into an impulsive wave down. On H4, this is a setup: we had a wave 3 down followed by a wave 4 with a sleeping alligator, the ewave is about to cross the zero line. On H1, in the morning we have a tight box, we could have a pending order below the box but there are many levels on the left so we prefer to choose to have a pending order below the level H1-H4 (initial SL above the box at 44 pips) as H4 level is not far away. The order is triggered at 15.00 GMT+1 as the ewave is crossing the zero line. After few hours, the price goes down. We have a second entry below the new box but it is too late. We take the next entry at London session open below the box (SL above the green line at 28 pips) and the price drops, we exit the next day when the prices crosses the green line for +197 pips (+4.5%) for the first entry and +145 pips (+5%) for the addon so a total of +9.5% profit (+342 pips). This was not the bext exit, we could exit at BRN 0.94 as it was the end of the London session for +15% profit. A great classical trade again.
For more details and examples of trade, click "Examples of Trade" in the menu
On the 23rd, on D1, we are into an impulsive wave down. On H4, this is a setup: we had a wave 3 down followed by a wave 4 with a sleeping alligator, the ewave is about to cross the zero line. On H1, in the morning we have a tight box, we could have a pending order below the box but there are many levels on the left so we prefer to choose to have a pending order below the level H1-H4 (initial SL above the box at 44 pips) as H4 level is not far away. The order is triggered at 15.00 GMT+1 as the ewave is crossing the zero line. After few hours, the price goes down. We have a second entry below the new box but it is too late. We take the next entry at London session open below the box (SL above the green line at 28 pips) and the price drops, we exit the next day when the prices crosses the green line for +197 pips (+4.5%) for the first entry and +145 pips (+5%) for the addon so a total of +9.5% profit (+342 pips). This was not the bext exit, we could exit at BRN 0.94 as it was the end of the London session for +15% profit. A great classical trade again.
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