Largo

Kangaroo Hopping UP with the Swissy

Actualizado

A nice move UP overnight for me after getting stopped out on my earlier SHORT idea saw me at break even. This next move I believe is in line with the BUY signal I am seeing on the Daily chart below.

Operación activa

Sorry... Didn't enter in my position stats with the idea, but I just closed 3/4 of it. Opened a big position to ride out the week, but with such a big jump in a short time I always like to close out and see if it pulls back before reopening.

LONG @ 0.7379
STOP @ 0.7335
TP1 @ 0.7425
TP2 @ 0.7500

snag.gy/kmI1UE.jpg

Nota

The big jump up was due to better than expected CPI numbers coming out (MEDIUM importance) for CHF.

In a few hours there is some HIGH importance news on interest rates etc. I went back in on my position at half of what I would normally trade and will set a stop loss in case there is some bad news.

Nota

The CHF rates news was nothing since the Swiss are locked in to waiting to see what the EU Central Bank does. So not a single candle fluctuated on the news.

London and New York Open did very little to push price up, but it did cause some trading to happen. Now it would seem we are caught in a consolidation pennant that is bullish to continue the originating direction. There was a similar formation a month ago or so and it too about another 8 hours from this chart to complete.

That would put us right in the middle of the Sydney and Tokyo sessions. Looks good we will see what happens.

Nota

Sorry that the above chart image was not for this pair...

Everything is progressing nicely, but we have seen some SELL signals pop up and end of week candle dip down. If the next push up doesn't make it to the expected TP level I may move up the stop loss to under the most recent low and wait to be stopped out.

Operación cerrada: objetivo alcanzado

TP1 was reached at 0.7425.
I went ahead and closed out the whole position as I am seeing some weakness on the 1 hour chart with a double top.

Bonavest

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