EURUSD D1 counter trend trading

Trend analysis - counter trend

Exact position taking after pin bar reversal - waiting for 50% retracement

USDCHF D1

Pair: USDCHF

Timeframe: D1 (5 candle - New York close)

Indicators: 8 EMA, 21 EMA

Trend: consolidation

Entry: after the close of the railroad tracks pattern*'s second candle took SHORT position (have to wait the close of that candle!)

Exit: latest swing low

R/R: 1:2,5

Outcome: WINNER

*Railroad tracks pattern: price broke through the long term resistance and fall back below that trend line