MARKET ANALYSIS - Trading a major
Today we are going to trade the USDCHF
The important trends from M15 up to D1 are all BUY with a high intensity.
So let's have a look at FX Power
There is a clear uptrend with a moderate and rising Delta since around 24 hours.
And what about the support and resistance levels?
There is more than enough space until we are facing the next resistance level.
So let's enter this trade with a risk-reward ratio of 1:2
This is how all three steps look in one research chart.
FINAL RESULT - 6 Pips
After a positive beginning USDCHF was not able to gain more power and the FX Power currency strength delta dropped as well.
So I closed this trade with a small minus of 6 Pips but seeing this in hindsight it would have been better to stay in.
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