USDCHF - 4hrs ( Long Trade Target Range 240 PIP )
Hello Traders!
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💵 USD / CHF Setup / Analysis
🕐 4hr's Chart
📜 The reasoning for this setup
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There is a liquidity area. + choch That hasn't been taken out yet & Price may gained strength from this move to go further down in the future but be cautious! with your entry areas. As price is in a consolidation area. Wait for a clear candlestick pattern or a clear breakout.
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- ( Take Profit point's ) -
💵 Take Profit 1 ( 0.85400 )
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💵 Take Profit 2 ( 0.86000 )
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💵 Take Profit 3 ( 0.86500 )
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💵 Last Take Profit 4 ( 0.87000 )
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5 Reasoning 📜🖋️
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🔰inner Down Trend line ( visible on shorter timeframes, such as the hourly chart )
🔰VWAP Poc Area ( Traders use VWAP to confirm trends. If the current price is above the VWAP and the trend persists, it may indicate bullish sentiment. Conversely, a price below the VWAP might suggest bearish sentiment )
🔰Volume Range Hvn ( High Volume Node )
🔰Choch + BoS ( Choch - change of character / BoS - break of structure )
🔰Liquidity Area ( High liquidity means that there are plenty of buyers and sellers in the market, making it easy to execute trades without affecting the asset's price. Low liquidity, on the other hand, implies fewer market participants, and trading large quantities of the asset may result in price slippage )
------
💵 USD / CHF Setup / Analysis
🕐 4hr's Chart
📜 The reasoning for this setup
------
There is a liquidity area. + choch That hasn't been taken out yet & Price may gained strength from this move to go further down in the future but be cautious! with your entry areas. As price is in a consolidation area. Wait for a clear candlestick pattern or a clear breakout.
——————————
- ( Take Profit point's ) -
💵 Take Profit 1 ( 0.85400 )
----
💵 Take Profit 2 ( 0.86000 )
----
💵 Take Profit 3 ( 0.86500 )
---
💵 Last Take Profit 4 ( 0.87000 )
---
5 Reasoning 📜🖋️
——————————
🔰inner Down Trend line ( visible on shorter timeframes, such as the hourly chart )
🔰VWAP Poc Area ( Traders use VWAP to confirm trends. If the current price is above the VWAP and the trend persists, it may indicate bullish sentiment. Conversely, a price below the VWAP might suggest bearish sentiment )
🔰Volume Range Hvn ( High Volume Node )
🔰Choch + BoS ( Choch - change of character / BoS - break of structure )
🔰Liquidity Area ( High liquidity means that there are plenty of buyers and sellers in the market, making it easy to execute trades without affecting the asset's price. Low liquidity, on the other hand, implies fewer market participants, and trading large quantities of the asset may result in price slippage )
Note
☑️ Update ⬇️
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Related publications
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.