Last week, we saw usdchf making a high of 0.9836 before heading down. It formed a daily inside bar between Wednesday and Thursday daily candle. Finally, the weekly candle now ended as a bearish rejection candle or pin bar as it is mostly called. It now made a low of 0.9705.
With that bearish rejection candle, i will be looking to sell at three different price levels targeting the same stop loss and take profit levels.
The entry points are number 1 at 50% retracement of last week candle, number 2 at 61.8% of last week candle and the last entry few pips below the low of last week candle. It goes this way:
Entry 1: at 0.9769
Entry 2 at 0.9785
Entry 3 at 0.9685
Stop loss for all at 0.9921
Take profit is open for now.
Below is the pix of my chart
With that bearish rejection candle, i will be looking to sell at three different price levels targeting the same stop loss and take profit levels.
The entry points are number 1 at 50% retracement of last week candle, number 2 at 61.8% of last week candle and the last entry few pips below the low of last week candle. It goes this way:
Entry 1: at 0.9769
Entry 2 at 0.9785
Entry 3 at 0.9685
Stop loss for all at 0.9921
Take profit is open for now.
Below is the pix of my chart
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