USD/CHF Short 100 pips
Going short on USDCHF after a double top on a higher timeframe and 2 shooting stars. (On a Daily Timeframe)
I got in on a 4H candle open. The entry signal really didn't matter to me on this trade because I'm trying to make trading as simple as possible.
If I see a closure on the 4H timeframe breaking a zone of support a retest up should hold as resistance. Plus a break in the the trendline. One thing I am concerned about is that right (or left) shoulder that looks like it's forming an Inverted H&S so I will watch out for that.
Entry : 0.93032
S/L: 0.93332 - 30 pips
T/P: Break in trendline so point A + psych level 0.92000
I got in on a 4H candle open. The entry signal really didn't matter to me on this trade because I'm trying to make trading as simple as possible.
If I see a closure on the 4H timeframe breaking a zone of support a retest up should hold as resistance. Plus a break in the the trendline. One thing I am concerned about is that right (or left) shoulder that looks like it's forming an Inverted H&S so I will watch out for that.
Entry : 0.93032
S/L: 0.93332 - 30 pips
T/P: Break in trendline so point A + psych level 0.92000
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.