Using DOw theory we see a major downtrend, keeping the stop loss at the last resistance/LH
and TP at last support. Sell Stop, two trades each at same entry one exit at TP1 one at TP2. R/R 2/3.
Based on the simple DOW theory were looking at a secondary down trend. Market behavior supports this idea and the general market seems to be slowing down. A sell stop at the last support with a stop loss at the last resistance. Looking at 2 trades at 1% risk each at a 2:3 risk-reward. First trade at tp1 second at tp2.
A USDINR long setup. Using DOW theory and realizing that the chart is making higher highs and higher lows as well as in a major uptrend it seems like the secondary trend should continue. The trade setup is for two buy stops at 1% risk at TP1 and TP2.
A setup for USDCHF, on the minor trend we see that it is bullish with higher highs and higher lows. Setup is to place two buy stop orders with 1% risk each. The risk reward ratio is 2:3.
