Hey traders! Here's a live trading idea for USDCHF. Let's analyze the chart and spot a clear opportunity.
Chart Analysis:
Price Clear in a UpTrend
Fib Retraccement around 0.5
Rejection to a Support - Previous High
Significant Swing High above the Current Price
Reaction to a price Imbalance
Trading Idea:
I've identified a clear opportunity in USDCHF based on the following criteria:
1. Entry: I'm looking to buy USDCHF at 0.90300 as it aligns with the current UpTrend
2. Stop Loss: I'll place my stop loss at 0.90247 to limit potential losses if the market moves against me.
3. Take Profit: My take profit target is 0.90539, aiming to capitalize on the expected price movement.
Risk-Reward Ratio:
The risk-reward ratio for this trade is 1:4.5, offering a potential reward that is x4.5 the risk.
Trade Management:
Trade already triggered, I'll let it run without active management. I'll patiently wait for the price to hit either the stop loss or take profit level.
Note: This is not financial advice. Please do your own analysis and risk management.
Let's analyze this opportunity together! I encourage you to:
📩 DM me to share your perspectives.
💪 Boost this post to reach more traders.
💬 Comment with your thoughts and questions.
Engage with the community and let's make the most out of this trading idea!
Remember, always conduct your own analysis and ensure the trade aligns with your trading strategy and risk tolerance.
Let's seize this opportunity together!
Chart Analysis:
Price Clear in a UpTrend
Fib Retraccement around 0.5
Rejection to a Support - Previous High
Significant Swing High above the Current Price
Reaction to a price Imbalance
Trading Idea:
I've identified a clear opportunity in USDCHF based on the following criteria:
1. Entry: I'm looking to buy USDCHF at 0.90300 as it aligns with the current UpTrend
2. Stop Loss: I'll place my stop loss at 0.90247 to limit potential losses if the market moves against me.
3. Take Profit: My take profit target is 0.90539, aiming to capitalize on the expected price movement.
Risk-Reward Ratio:
The risk-reward ratio for this trade is 1:4.5, offering a potential reward that is x4.5 the risk.
Trade Management:
Trade already triggered, I'll let it run without active management. I'll patiently wait for the price to hit either the stop loss or take profit level.
Note: This is not financial advice. Please do your own analysis and risk management.
Let's analyze this opportunity together! I encourage you to:
📩 DM me to share your perspectives.
💪 Boost this post to reach more traders.
💬 Comment with your thoughts and questions.
Engage with the community and let's make the most out of this trading idea!
Remember, always conduct your own analysis and ensure the trade aligns with your trading strategy and risk tolerance.
Let's seize this opportunity together!
Trade closed: stop reached
It was a quick 1% Loss - Did not work this time.Note
Currently Up 3.5% since 18/5/2023 when I started posting my trades on TradingView.
I trade SPY, NASD, GBPUSD and USDJPY. I take Trades LIVE and share my ideas in the Chat in Real Time. Before and After.
Feel free to message me to know more about my approach. Good Trading to everyone :)
Feel free to message me to know more about my approach. Good Trading to everyone :)
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.
I trade SPY, NASD, GBPUSD and USDJPY. I take Trades LIVE and share my ideas in the Chat in Real Time. Before and After.
Feel free to message me to know more about my approach. Good Trading to everyone :)
Feel free to message me to know more about my approach. Good Trading to everyone :)
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.