I've identified a trading opportunity on the GBP/CHF currency pair. After the price returned to the lows to capture previously left liquidity in the 0.6480-0.65 range, you've set up a long trade. Currently, you expect a bounce in the demand zone along with the validation of the bearish continuation pattern (FCV) on the H1 time frame. This validation could lead to a price retracement and the creation of a buying opportunity (long setup) to enter the market.
You've observed that the price has already broken a small bearish trendline on the H4 time frame, specifically around the 0.6505 area. Based on this analysis, you're considering a long trade with a profit-taking target around the 0.6580 zone. However, you've also established a stop-loss level at 0.6470 in case the trade doesn't develop as expected.
You've observed that the price has already broken a small bearish trendline on the H4 time frame, specifically around the 0.6505 area. Based on this analysis, you're considering a long trade with a profit-taking target around the 0.6580 zone. However, you've also established a stop-loss level at 0.6470 in case the trade doesn't develop as expected.
📈 Nicola | EdgeTradingJourney
Documenting my path to $1M in prop capital through real trading, discipline, and analysis.
Documenting my path to $1M in prop capital through real trading, discipline, and analysis.
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.
📈 Nicola | EdgeTradingJourney
Documenting my path to $1M in prop capital through real trading, discipline, and analysis.
Documenting my path to $1M in prop capital through real trading, discipline, and analysis.
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.