USDCHF has rejected the 0.89200 level since beginning of December last year, confidently broke through this morning. Looking for entry on retest of 0.89200 stop 20 pips below tp 60 pips above
GBPCHF trading around the top of a range. Demand zone to the left on the 1h and daily tf. Previous RSI divergence shows trend is weakening. Entry on round number 1.22000. 25 pip stop 75 pip tp 1:3 R:R
The FTSE100 has been trading in a downward channel since June, the daily timeframe shows price is weakening approaching the top of this channel and has given us an indecision candle. We can see on lower timeframes, 1h + 4h there is RSI divergence signalling potential for a bearish move. Will look for entry on 1h
I am a little late with my entry however can still find a satisfactory R:R on this trade.
Factors that are persuading me to enter long are:
-Trading above 200 day ema
-Price formed a double bottom into a previous level of structure that sits in conjunction with the 0.618 fib retracement from previous swing low.
-Recent bullish engulfing candle after bears weakened
