EURCHF Short
What I see in this market is a downtrend.
We can wait for it to reach our Stop Loss level (yellow dotted line near current price) and then enter placing our new Stop Loss above the 50% Retracement.
If you want to enter the market now this is how I would like the market to play out:
Push to 23.6%, consolidate/extend to the lower yellow line. Dashed aqua line is support/resistance. Purple solid line is trendline.
We can wait for it to reach our Stop Loss level (yellow dotted line near current price) and then enter placing our new Stop Loss above the 50% Retracement.
If you want to enter the market now this is how I would like the market to play out:
Push to 23.6%, consolidate/extend to the lower yellow line. Dashed aqua line is support/resistance. Purple solid line is trendline.
Note
Where price is currently at: You can either enter here as stated or just wait and react.
Trade closed: stop reached
Exceeded stop loss
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.
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.