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
Analysis based largely on harmonics here for a short on USD/CHF for the week.
USDCHF sell top down analysis video describing everything in depth on what I see **Make sure to learn from everything the market is telling you and always stay a student but chase to become the master**
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cluster of pivots and significant levels, when the next weeks pivots are viewable at the startof the week ill post targets and in vid i mixed it up, the .618 is the agressive entry and the .782 is the conservative entry, because this is happening at the beginnnign of the week it miht consolidate around this level so wait for confimation of reversal via candlestick...
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
USDCHF, GBPUSD, EURUSD currency trading plans
update on USDCHF LOOK TO RE ENTER IF YOU MISSED THE TRADE
On this pair we just had a drop. we are in a small consolidation zone then I want to see another 20-30 pip drop. Then I am expecting a retrace back up to the trend line/structure and more bearish entries.
Currently I've analyzed 4 potential scenarios on this pair. I believe at least one of these scenarios will play out
WAIT FOR IT TO MAKE A LOWER LOW BEFORE ENTERING, THAT C LEG SHOULD ALREADY BE DONE THIS WEEK
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.