Possible reversal trade on EURCHF

Nov 14, 2019

Strong move down into the demand zone. Bullish pin bar formed. Might break lower following the longer-term trend towards the lower trendline of the descending wedge. Therefore placing a buy stop above the demand zone. If price trades above that level I expect more bullish momentum. This results in much lower RR then when I would trade with a retrace entry. Still, I prefer more high probability trades and higher win ratio. This is good for confidence.

Date Pair Direction Trade Trend Level Signal Entry
2019-11-14 EURCHF Long Reversal Down Demand zone Pinbar break

Nov 18, 2019

Note

Moved stop to BE

Nov 20, 2019

Note

Moved stop to 0.7R. Big indecision candle formed. If price moves below today's low I want to be out. If it moves higher ... Great.

Nov 22, 2019

Note

Moved stop to 1.13