Here is a look at the USDCHF that I have running.
My entries seem to be working, but I am still not sure how to handle the stops. On the chart below it looks like a PIN bar may form on the daily chart.
This could be seen as short entry, but I am thinking of using it as a long exit. I may move my stop to just below the PIN so that if it is broken to the down side my long trade is closed. I may move it just a bit lower since it is so close to 1.1300
Any comments?
My entries seem to be working, but I am still not sure how to handle the stops. On the chart below it looks like a PIN bar may form on the daily chart.
This could be seen as short entry, but I am thinking of using it as a long exit. I may move my stop to just below the PIN so that if it is broken to the down side my long trade is closed. I may move it just a bit lower since it is so close to 1.1300
Any comments?