USDCHF - Bullish Engulfing

Jul 30, 2017

USDCHF has formed a significant bullish engulfing candlestick after bouncing off a previous support level. A significant bullish engulfing on the weekly timeframe also recently closed. SL set below previous lows, TP set at previous highs.

Jul 30, 2017

Note

Weekly POV:

Aug 16, 2017

Note

Still holding. Price pulled back as expected, and has now formed another bullish engulfing candlestick on the daily time-frame allowing for a re-entry. I have adjusted the long position accordingly, moving the SL slightly below the low of the bullish engulfing candlestick. I now expect price to create new highs in the next few days.

Aug 18, 2017

Order cancelled

Trade closed at break-even. +- 0 pips.