Short

EURCHF Strong Retracements 0327SGT 23032025

Price shown that they retraced strongly based on previous price actions.

Also, price is currently oversold, I am expecting price to reverse back strongly.

That will be a good area to sell from.

0328SGT 23032025

Not saying I would be selling. Just saying what I want to record.

0328SGT 23032025

EURCHF Strong Retracements 0327SGT 23032025

Note

I have set a RR ruler on the chart, but I can't post it. So, here's the numbers.

entry : 0.95703
SL : 0.95263
TP : 0.96406

The numbers are estimated.

I am going for +1.69R profit.

I think I should be less rigid.

If the setup is valid, maybe we could go for a smaller TP if needed. But of course, its not the norm. And I am not entering on this trade, I am just eyeballing to test my setup spotting.

1533SGT 24032025

Note

Too bad. The idea failed. And I think i know why it failed.

Price was obviously stabbing the pot at the resistance, and is coming down after all the retailers have bought their goods to be sold at their respective markets around the globe.

The wave idea is right, just that the direction is wrong.

Both up and down side have waves, and the waves look the same.

So, make sure you know which direction is the right direction.

I think I would backlog this pair and see what would have happened if I sold at the top of the spike instead, and went for 2R profit.

0230SGT 25032025

goh8888lester

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