I'll be scouring the charts for "actionable masterpieces". These will be signficant chart patterns or set-ups that I feel are not only tradeable, but also have a high probability of making big profits with little risk. Whenever I spot an "actionable masterpiece", I will post an annotated chart (my chart art) along with an explanation. My goal is to help you learn how to spot these low ocurring but highly profitable "actionable masterpieces" yourself.
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While I got stopped out today for breakeven after the dollar gained because US new home sales growth rate in April reached the highest in 14 years, today's candle shows that bulls are still too scared to commit. I'm going to short this bad boy again.
I'm going to sell at 1.2280. My stop loss (SL) will be 1.2330. My initial profit target (PT) will be 1.2200.
Sell USD/CHF @ 1.2280 | SL: 1.2330 | PT: 1.2200
