USDCHF M15
USDCHF.M15 20160909.png

Technical Analysis: 2 minor retracements completed at resistance level 0.9808.

Market Sentiment: Dollar may weaken due to weak NFP data last Friday, putting a Sept Fed rate hike off the table.

Trading Decision: Entry was a little late but acceptable.

Fully exited after the price has retested resistance level 0.9808 and resisted successfully. (?)

Learning: Loss of potential profit due to lack of patience and inability to follow trading plan.

Price has completed 2 minor retracements and successfully resisted at a resistance level.

Furthermore, a successful resistance after a retest gives further confirmation that price may fall further.