Showing posts with label classic trade example. Show all posts
Showing posts with label classic trade example. Show all posts

Saturday, August 09, 2014

Trade gbp/chf My last week best trade setup

Best Pick of my currencies trade Last Week

Here is update of trade gbp/chf chart with Explanation

As I mentioned in my previous chart examples that I love to trade this type failure attempts and when price get strong demand from a level after building and spending so much time near the highs and when price falls it gets good protection.

So, for me it was two trades both long at first attempt of development area, and second it was short after the attempt failed to test the high's and when it is clear that earlier attempt was "Momentum candle" Inner space Rotation, and confluence or double bottom, the second pattern trap give me strong confidence that this is yet another classic trade example and patience really pays when you can trade these type of logical trade setups.

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