DAILY:
1. prev. daily candle hit 71% fib level and closed below the 61.8% key level (rejection)
2. prev. daily candle closed below the daily descending trendline (green).
points 1 + 2 above, indicate a possible short trade setup (pair currently running in a downtrend = Shorts >>> longs)
4H:
- yesterday there was a bearish engulfing candle stick = further downside confirmation (pink sphere)
- waiting for retest + entry of the 61.8% fib level (zone)
Entry:
- waiting for retest of trendline + 61.8% fib level for further downside mvnt.
- watching oil and CHFJPY for correlation which will further indicate whether setup is viable or not.
- watch fundamentals releases for the day
invalid set up if:
- 4h candle close inside zone (above 61.8% fib level)
- no clear indication of retest on daily time frame
1. prev. daily candle hit 71% fib level and closed below the 61.8% key level (rejection)
2. prev. daily candle closed below the daily descending trendline (green).
points 1 + 2 above, indicate a possible short trade setup (pair currently running in a downtrend = Shorts >>> longs)
4H:
- yesterday there was a bearish engulfing candle stick = further downside confirmation (pink sphere)
- waiting for retest + entry of the 61.8% fib level (zone)
Entry:
- waiting for retest of trendline + 61.8% fib level for further downside mvnt.
- watching oil and CHFJPY for correlation which will further indicate whether setup is viable or not.
- watch fundamentals releases for the day
invalid set up if:
- 4h candle close inside zone (above 61.8% fib level)
- no clear indication of retest on daily time frame
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.