USDCHF Buttefly completion

5 Oca 2016

As always when taking a trade, look for at least three types of confirmation.
This is where the butterfly completes, together with the trendline resistance and the 61 fib from previous leg down.

This trade offers a great risk/reward ratio right under the inverted hammer.
Never risk more than 2% of your capital.

Good luck.

6 Oca 2016

Not

Trade Active.

6 Oca 2016

Not

Just realized that the stop loss isnt put above the pinbar on the chart. As it of course should be.

8 Oca 2016

Not

First target hit. Profit taken and SL moved to breakeven.