USDCHF SHORT
Trade (1)
Entry Type : Market Sell @ CMP .99333
Stop Loss : .99750
Take Profit : .97500
R/R : 4.44
R/R % : .37% / 1.64%
Trade (2)
Entry Type : Limit Sell @ .99450
Stop Loss : .99750
Take Profit : .97500
R/R : 6.5
R/R % : .37% / 2.40%
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. We can also see price continuously reject back leaving long wicks upward. My stop loss is placed above a minor support turned 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 .99333
Stop Loss : .99750
Take Profit : .97500
R/R : 4.44
R/R % : .37% / 1.64%
Trade (2)
Entry Type : Limit Sell @ .99450
Stop Loss : .99750
Take Profit : .97500
R/R : 6.5
R/R % : .37% / 2.40%
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. We can also see price continuously reject back leaving long wicks upward. My stop loss is placed above a minor support turned 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.
Trade active
Trade (1) Executed @ .99333Trade closed: stop reached
Trade lost. -0.75%
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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.