Euro / Swiss FrancShort
EURCHF looking weak. re-distribution?
Taking a trade when it reaches the POC (where there was the most volume).
TP et the low of the last big low.
Invalidation if it takes out the last high.
A potential 5.0 Risk to Reward setup
I think this is a big re-distribution and we are continuing to the downtrend
Here is a closer view at the entry potential:
We can see that I call it a fake bounce because it went down violently, but is struggling to go back up:
TP et the low of the last big low.
Invalidation if it takes out the last high.
A potential 5.0 Risk to Reward setup
I think this is a big re-distribution and we are continuing to the downtrend
Here is a closer view at the entry potential:
We can see that I call it a fake bounce because it went down violently, but is struggling to go back up:
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.