1. Trend line broken to the down side 2. Using the breakout candle as reason for entering short at market price 3. Stop loss just above the breakout candle 4. Take profit placed at the beginning of the small up trend
if the price does not fall of 23.6% of fibo is a bearish weakness, new price maxima will come. Wait for macd stoch and overlay trend, buy signal. USDCHF 15 min.
MOVE YOUR STOPS BELOW YOUR ENTRY
update on USDCHF LOOK TO RE ENTER IF YOU MISSED THE TRADE
Price broke below both Weekly Trendline & Support level, failed retest on Friday and posting a nice flag now. Waiting for Candlestick action.
Price has broken out of the Inverse H&S pattern I think it should retrace down to the Neckline area for aa Long Trade of 230+ pips.
This morning i breakdown and show the importance of multi-timeframe analysis prior to any pending order or instant execution. I hope the video analysis is beneficial / educational to your trading. As always i would like to thank the TradingView community for the continued support. Tom :-)
Price has broken above the descending channel it was moving in and it's now retracing making a correction. In this video you may see a powerful support zone where very soon we may have the completion of a bullish bat pattern.