8.19% Gain EURCHF in 10 days period

Time to take profit for EURCHF trade position

Entry Comment:

• Stochastic D1/H4/H1/15mins multi time-frame was below 10 level or in oversold area.
• Market failed to break the April 16, 2020 lowest price.
• And did break the previous Hourly high.

Stop: Automatic 1% stop loss or when price back below the previously Hourly low.

Target: At least more the 5% profit or when stochastic indicator tells tat the price is now on the overbought area.

Result: 8.19% profit.

Comments: Taking 8.19% profit for this month is not a bad idea after all. Leaving the other trade position using the D1 stochastic indication, waiting until it reaches the overbought area.

CHFJPY Trade position [Long] - 7th May 2020

Trade Entry: Buy 0.05 Lot size of CHFJPY @ 109.178

Entry Comments:

• Market price was down for more than 4 consecutive weeks.
  
• Stochastic H4/H1/15mins multi timeframe is below 10 level under oversold area.
  
• Market price stays above 21/34 moving average.
  
• And price failed to continue to move down and move back above 2&34 moving average and the break the previous Hourly candle High.
  

Stop: Automatic 1% stop loss or when price move down and break the previous Hourly Low.

Target: When Stochastic H4/H1/15mins multi timeframe reach the overbought area or above 90 level.

Result: Profit 9.89% or 193 pips @ 111.106

Comments: I closed the trade because the target condition was already met and price move  had already reached the monthly average range.