Failed Breakout

No explanation required. $S6_F

Note

Minimum target is the 38.2% retracement which happens to be very close to the 2017 close of 0.9744.

Note

Previous UCHF Short to Year Pivot

Note

200 D and 200 W SMA in the same area as the 38.2% retracement.

Note

Hanging around that ascending cyan channel midline toward the end of the day today... We may crawl up it then dive more but I am holding onto this trade until 9750.
My stop is placed at the recent high on Friday.

Note

Added a little more short

Note

Channel finally broken today. CHF is very strong against USD this week right away. 2017 close target remains.

Note

Still holding onto this baby. I have about 8 lots at this point short with an average price near 1.0000. Targets remain.

If EURUSD chooses to go higher, this is the prime target for shorts.

Note

I will close half at 0.9835 at the year pivot (thick cyan line in main chart window).

Trade closed: target reached

Dumped half position.

Note

The 2017 close is the target @ 0.9750.

Note

First profit point was about 170 pips. Nice day. Took forever though.

Note

Moved stop down to today's high @ 0.9810. We are at a cluster of support here near the 2017 close of 0.9745.

Trade closed: target reached

All out on second half + 250 pips about. Finally done babysitting this thing.

mortdiggiddy

Find the edge.

Website: daily-edge.com
Twitter: twitter.com/dailyEdgeGroup
Youtube: youtube.com/c/TheDailyEdgeTradingGroup
Telegram: t.me/mortdiggiddy
Paypal: paypal.me/mortdiggiddy

Also on:

Related publications

DXY Long?

by mortdiggiddy

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

mortdiggiddy

Find the edge.

Website: daily-edge.com
Twitter: twitter.com/dailyEdgeGroup
Youtube: youtube.com/c/TheDailyEdgeTradingGroup
Telegram: t.me/mortdiggiddy
Paypal: paypal.me/mortdiggiddy