Possible reversal trade on EURCHF
2019-11-15 05:41:59
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