H4
USDCHF H4 Sell SetupWe see a clear resistance at the top, but an uptrend in general. So for me there is a lower timeframe downtrend which is built by lower lows (building now atm, I used fibonacci tool for help and we saw the first lower high at fib 61.8 level and the next lower high would be at 50.0 which is exactly now. it could move because I lower timeframes are easily manipulative, so thats why my sl is some pips above 78.6 fib level).
Great potential, leave your comments below!
NZDUSD - short till 61.8 Fib level-Clear short entry @ H4 200ema + 20ema
-Expect to see short take profits at 61.8 Fib level
-60% of retail traders are long NZDUSD -> further slide south
Trade plan:
- Did not take the short side, not chasing it, instead:
- Wait if 61.8 Fib will be tested
- Wait to see bullish candlestick pattern -> go long (1:3 RR)