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USDCHF H2: BEARS SHORT IT +50/+100 pips TP(SL/TP)(SWING)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
Tagged as short as I'm expecting a
SHORT/LONG sequence in this market.
🔸 Summary and potential trade setup
::: USDCHF 2days/candle chart review
::: updated/revised outlook
::: speculative DUMP setup in progress
::: heavy rejection near 9250 previously
::: shorting from 9200 makes sense
::: is a low risk setup using 30 pips SL
::: cluster of stop losses overhead
::: recommend to RESHORT near 9200 heavy S/R
::: recommended strategy: SHORT 9200 SL 30
::: TP1 +50 TP2 +100 pips final TP 9060
::: lower risk strategy: short it from overhead S/R
::: SL 30 pips TP1 +50 pips TP2 +100 pips
::: this is lower risk / recommend to SHORT IT 9200
::: final TP BEARS is 9060
::: SWING trade setup do not expect
::: fast/miracle overnights gains here
::: good luck traders
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment short-term: BACKTESTS 9200
::: Sentiment outlook mid-term: BEARS/DUMP/9060
RISK DISCLAIMER:
Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.