Here we have USDCHF. If you look at my previous graph on EURGBP and read through you'll see the way i like to analyse my chart is from top down. This idea stems from the daily chart and seeing a nice structure zone which we can see looks to be rejecting nicely again.
Daily, dropping into the 4hr and finding nice levels and then again into the 1hr to find an entry point. Now, with it being the weekend and the markets closed i will not jump in to the trade when the markets open on Sunday. 1 spreads will be high at 22:00 uk time. 2, you;ll likely find the price has gapped and i would like to wait until the London session for this gap to fill and allow me to get in at a higher, confirmed price before getting into my sells. So i am expecting some drawdown next week on USDCHF but we need to wait for price to come back to a reasonable area.
Thinner structure zone is an area of minor support which i'd be looking to take partail profits and make the remainder of the trade risk free.
Any questions, let me know! :D
Daily, dropping into the 4hr and finding nice levels and then again into the 1hr to find an entry point. Now, with it being the weekend and the markets closed i will not jump in to the trade when the markets open on Sunday. 1 spreads will be high at 22:00 uk time. 2, you;ll likely find the price has gapped and i would like to wait until the London session for this gap to fill and allow me to get in at a higher, confirmed price before getting into my sells. So i am expecting some drawdown next week on USDCHF but we need to wait for price to come back to a reasonable area.
Thinner structure zone is an area of minor support which i'd be looking to take partail profits and make the remainder of the trade risk free.
Any questions, let me know! :D
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.