PRICE ACTIOn TRADE. GREAT R:R TRADE. When in profit and the market starts retracing and making higher lows, move your stop loss just above that new higher low so that you break even. Let me know how you do? Like this analysis give us a like & a comment!
USDCHF buy idea is a clear as daylight, pretty much confident that price will playout as follows. Price will push up, and then retrace before another strong push to the upside, I will enter after the retracement takes places. Amazing R:R. Nothing but price action trading we do over here. However, I am also aware that we are at a key support level so, we also...
Price is not breaking above resistance, and reversed. Currently retracing and price has touched the 61.8 fib level, waiting for a breakout to the downside in this mini consolidation . Then I will look to sell all the way to the deep end! Wait for a breakout out of the consolidation zone on 15TF, then sniper entry. Tight stop loss above the last higher low in that...
Price is retracing, and now approaching the 61.8 fib level, wait for confirmation and SELL to -27 fib level. Again this is all price action trading, with various confluences. Wait for confirmation and sell!
We can see that price retracing, and approaching fib level 61.8, when price hits this level wait for strong bearish candle indicating a huge sell to fib level -27, which will be your TP. WAIT FOR CONFIRMATION!
We see price re-testing previous market structure (resistances), a potential sell opportunity to the downside. Sell if price breaks through the upwards trendline.
Enter to sell at 1.27933
HOWEVER, if price break through resistance 1.28032 then we are seeing a continuation to the upside
Enter to Buy 1.28065
Depending on what happens during the Asian session overnight, we could see a potential buy during that London opening session @8am. Keep your eyes peeled on this one. Either way, there could also be a strong breakout to the downside at the London opening session. Keen a close eye on those candlesticks between 7:30am-7:50am.
We can already see price testing support area @ 1.29285, as the markets closes for the weekend. What we could see during the opening of the London market session is either price re-testing the support area, so the big boys can stop hunt those who are holding their sell positions over the weekend, then a complete bullish movement. Or for price to continue on the...