EURCHF SHORT
Trade (1)
Entry Type : Market Sell @ CMP 1.00090
Stop Loss : 1.10250
Take Profit : 1.09650
R/R : 3.44
R/R % : .5% / 1.72%
Trade (2)
Entry Type : Limit Sell @ 1.10185
Stop Loss : 1.10250
Take Profit : 1.09650
R/R : 8.25
R/R % : .5% / 4.12%
Technical Analysis:
Price Action has has a bullish pullback. I believe the bullish pullback to be over as we can see price action has rejected the 71.0 & 61.8 Fibonacci level multiple times on the H1 time frame and is coming in for a H4 Doji. My stop loss is placed above the 88.6 Fibonacci level which coincides with a minor supportturned resistance. My take profit level is placed slightly above the -27.2 Fibonacci extension . Both trades outlined have the required criteria for my trade rules to enter the position.
Entry Type : Market Sell @ CMP 1.00090
Stop Loss : 1.10250
Take Profit : 1.09650
R/R : 3.44
R/R % : .5% / 1.72%
Trade (2)
Entry Type : Limit Sell @ 1.10185
Stop Loss : 1.10250
Take Profit : 1.09650
R/R : 8.25
R/R % : .5% / 4.12%
Technical Analysis:
Price Action has has a bullish pullback. I believe the bullish pullback to be over as we can see price action has rejected the 71.0 & 61.8 Fibonacci level multiple times on the H1 time frame and is coming in for a H4 Doji. My stop loss is placed above the 88.6 Fibonacci level which coincides with a minor supportturned resistance. My take profit level is placed slightly above the -27.2 Fibonacci extension . Both trades outlined have the required criteria for my trade rules to enter the position.
Order cancelled
Missed proper entries - then trade showed invalidating price action.
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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.