HELLO TRADERS, I AM VERY INTERESTED IN SELLING THIS USDCHF PAIR FOR THE NEXT NEW YORK SESSION. FOLLOW MY ENTRY SIGNAL. EVERYTHING INDICATES THAT THE PRICE IS GOING TO GO DOWN.
TECHNICAL ANALYSIS
CONFLUENCES AT THIS MOMENT
1. Bearish daily timeframe
2. Rejection of the last daily structure point
3. Rejection of the daily zone of interest
4. Daily engulfing candle
5. Rejection of the last 4 hour structure point
6. 4 hour rejection candle
7. 30 M structure change
8. 15 M engulfing candle, 30 M engulfing candle, 1 hour engulfing candle, 2 hour engulfing candle
Why do I like it?
The daily and 4-hour timeframes are bearish, meaning they are in harmony. The most logical thing to do is to sell now and ride the trend!
Today's daily candle was rejected at the last point of the structure (previous daily low).
The price was rejected at a daily zone of interest that has been respected in the past.
We have a daily engulfing candle.
The price has gone from bullish to bearish on the 4-hour timeframe and has also retested the last point of the 4-hour structure.
There is a rejection candle on the 4-hour timeframe, which indicates a downward price reversal.
Now we have the daily and 4-hour timeframes, as I mentioned earlier, the most logical thing to do is to look for shorts. I will wait for a retest of my zone of interest to enter a short position if my entry pattern is fulfilled in 30 minutes during the New York session.
If you like my idea, don't forget to like and follow me. I'll respond to suggestions and comments! FxAlexisTrader.
TECHNICAL ANALYSIS
CONFLUENCES AT THIS MOMENT
1. Bearish daily timeframe
2. Rejection of the last daily structure point
3. Rejection of the daily zone of interest
4. Daily engulfing candle
5. Rejection of the last 4 hour structure point
6. 4 hour rejection candle
7. 30 M structure change
8. 15 M engulfing candle, 30 M engulfing candle, 1 hour engulfing candle, 2 hour engulfing candle
Why do I like it?
The daily and 4-hour timeframes are bearish, meaning they are in harmony. The most logical thing to do is to sell now and ride the trend!
Today's daily candle was rejected at the last point of the structure (previous daily low).
The price was rejected at a daily zone of interest that has been respected in the past.
We have a daily engulfing candle.
The price has gone from bullish to bearish on the 4-hour timeframe and has also retested the last point of the 4-hour structure.
There is a rejection candle on the 4-hour timeframe, which indicates a downward price reversal.
Now we have the daily and 4-hour timeframes, as I mentioned earlier, the most logical thing to do is to look for shorts. I will wait for a retest of my zone of interest to enter a short position if my entry pattern is fulfilled in 30 minutes during the New York session.
If you like my idea, don't forget to like and follow me. I'll respond to suggestions and comments! FxAlexisTrader.
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.
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.