Get started

Usdchfshort

USDCHF Analysis 25/3/22 1hr Update: Would like to showcase my best trade from this week, I know my charts are messy but I would just like to show my logic for taking this trade, it had everything I was looking for, I just had to decide where my profit target was. this grey box was around the level I started to get out of the trade. I looked at the 4h structure and you can see from the topping out formation we made bearish structure, perfect retests of the 0.79-88 fib. once price yesterday made a retrace to the 0.79 I started looking for a short, my entry was actually on the 15 min chart and it was actually a 6 pip SL. I was close to being stopped but it held structure and continued dropping, we got stuck at the 93 level for hours and I did consider scaling in at this level but I left it. I seen a nice profit target, the market structure on the 4h bearish and we caught a lovely 7R trade I did only use 0.5% risk but a 3.5% is a good way to end the week!
Short
by ryanc49
1
🎯 USDCHF Going down ↘Hello Traders, In this Analysis you can see that the USDCHF price on the 30-minute chart is hitting a resistance level at 0.93540, there is a possibility for a SELL position. What we look for: short positions below 0.9385 with targets at 0.9330 & 0.9315 in extension. If trend will change: above 0.9385 look for further upside with 0.9405 & 0.9425 as targets. My entry details: - Entry Level: 0.93540 - Take Profit level: 0.93150 - Stop Loss level: 0.94050 - Risk: 1% of balance *This Analysis is for educational purposes only and is not financial advise.
Short
by RobinHoodSignals