USDCHF TREND CONTINUATION SHORT ON 4 HOUR CHART 8 OCTOBER 2018
DAILY TREND AND ANALYSIS
PRICE MADE A HIGHER HIGH WHILE APPROACHING TREND LINE, SUPPORT AND SWING HIGH
- MACD IS DIVERGING BEARISH, SELL SIGNAL, BEARISH MOMENTUM STRENGTHENING AND MADE LOWER HIGH
- RSI IS DIVERGING BEARISH, OVERBOUGHT AND MADE LOWER HIGH
- PRICE BROKE BELOW 7 PERIOD EMA
- DOJI CANDLE ON 4 HOUR
- BEARISH SHOOTING STAR ON DAILY CANDLE
- BROKE BELOW 10 PERIOD TEMA ON DAILY
ONLY PLACE TRADE IF RISK TO REWARD IS <1
ENTRY: 0.99200
STOP LOSS: 1.00138
TAKE PROFIT 1: .382 RETRACEMENT
TAKE PROFIT 2: .5 RETRACEMENT
TAKE PROFIT 3: .618 RETRACEMENT
TAKE PROFIT 4: .786 RETRACEMENT
PLACE STOP LOSS TO BREAK EVEN WHEN PRICE HIT'S FIRST TARGET
LOOK OUT FOR ECONOMICAL EVENT'S
THIS IS JUST MY ANALYSIS IT COULD BE RIGHT OR WRONG.
PLEASE LEAVE POSITIVE FEEDBACK, CRITICISM, YOUR THOUGHT'S AND YOUR IDEAS
lIKE IF YOU FOUND THIS USEFUL AND FOLLOW ME FOR MORE IDEAS- I WOULD REALLY APPRECIATE IT
GOOD LUCK, TRADERS
PRICE MADE A HIGHER HIGH WHILE APPROACHING TREND LINE, SUPPORT AND SWING HIGH
- MACD IS DIVERGING BEARISH, SELL SIGNAL, BEARISH MOMENTUM STRENGTHENING AND MADE LOWER HIGH
- RSI IS DIVERGING BEARISH, OVERBOUGHT AND MADE LOWER HIGH
- PRICE BROKE BELOW 7 PERIOD EMA
- DOJI CANDLE ON 4 HOUR
- BEARISH SHOOTING STAR ON DAILY CANDLE
- BROKE BELOW 10 PERIOD TEMA ON DAILY
ENTRY: 0.99200
STOP LOSS: 1.00138
TAKE PROFIT 1: .382 RETRACEMENT
TAKE PROFIT 2: .5 RETRACEMENT
TAKE PROFIT 3: .618 RETRACEMENT
TAKE PROFIT 4: .786 RETRACEMENT
PLACE STOP LOSS TO BREAK EVEN WHEN PRICE HIT'S FIRST TARGET
LOOK OUT FOR ECONOMICAL EVENT'S
THIS IS JUST MY ANALYSIS IT COULD BE RIGHT OR WRONG.
PLEASE LEAVE POSITIVE FEEDBACK, CRITICISM, YOUR THOUGHT'S AND YOUR IDEAS
lIKE IF YOU FOUND THIS USEFUL AND FOLLOW ME FOR MORE IDEAS- I WOULD REALLY APPRECIATE IT
GOOD LUCK, TRADERS
Trade active:
ENTERED 4 SHORT POSITIONS AT 1.00138
Comment:
Bouncing down from the trendline, swing high and resistance?
