USDCHF-Potential counter-trend setup (2 WK BULL ENGULF PATTERNS)

1 maj 2017

Here's a pair I haven't trade for a very long time, the USDCHF. Price is in a downtrend in the daily. Now price has reached a significant support level + weekly demand zone that has produced two weekly bullish engulfing patterns. We could see a potential burst of price movement to the upside.

If a trend-break occurs, look out for the pullback.

3 maj 2017

Uwaga

added another order around 0.98700 level.

4 maj 2017

Uwaga

Price is consolidating above daily demand area. market is in equilibrium at the moment. Order switched to stop order above range. Hopefully could catch the trade at breakout.