USDCHF ONE HOUR BREAK AND RETEST SHORT TRADE SETUP
Hi everyone:
Here is my view on USDCHF SHORT, Any type of feedback is greatly appreciated it. Thank you
Trade: #2
Date: 11/28/2016
Time: 18:00 GMT
Forex Pair/Commodity: USDCHF
Position: SHORT (SELL)
Reward/Risk: 3+:1
Opportunity:
Weekly: Price action has hit a strong resistance zone , formed a high test candle
Daily: Over extended run after the US election, formed a strong doji at the top of the run,
followed by a bear engulfing candle
4 Hour: Price action broke down the support trend line, and retest the 20 EMA and main pivot
Point, falling MACD
1 Hour: Broke down strong support trend line after 4 tries, pulled back to 0.38s fibs
replacement, 20/50 EMA, and main pivot point, MACD made a double tops
Looking to take this pair to previous strong horizontal support/resistance line @0.9950 and daily
0.382 fibs retracement
Thank you for your support
Here is my view on USDCHF SHORT, Any type of feedback is greatly appreciated it. Thank you
Trade: #2
Date: 11/28/2016
Time: 18:00 GMT
Forex Pair/Commodity: USDCHF
Position: SHORT (SELL)
Reward/Risk: 3+:1
Opportunity:
Weekly: Price action has hit a strong resistance zone , formed a high test candle
Daily: Over extended run after the US election, formed a strong doji at the top of the run,
followed by a bear engulfing candle
4 Hour: Price action broke down the support trend line, and retest the 20 EMA and main pivot
Point, falling MACD
1 Hour: Broke down strong support trend line after 4 tries, pulled back to 0.38s fibs
replacement, 20/50 EMA, and main pivot point, MACD made a double tops
Looking to take this pair to previous strong horizontal support/resistance line @0.9950 and daily
0.382 fibs retracement
Thank you for your support
Nota
Correction: The date should be 11/27/2016Nota
Set stop loss at break even entry price of 1.01422.Dagangan ditutup secara manual
1 hour showed a mini double bottoms. Close the trade for 1:1 reward/risk @1.0102.
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.