EURCHF SWING TRADE IDEA, FOR THE BETTER SIDE OF A FEW MONTHS YOU CAN CLEARLY SEE THIS PAIR HAS BEEN PUSHING IN A DOWNWARDS TREND BUT MATCHING PREVIOUS PRICE ACTION LEVELS BEFORE A CLEAR BOUNCE OFF A SUPPORT AREA BEFORE MAKING A PULLBACK GOING LONG WITH THE PRICE RISING, THE YELLOW BOX INDICATES ON WHERE WE WILL BE LOOKING TO GET AN ENTRY IN WITH A 1:4 RR AND A...
GBPUSD - SWING TRADE IDEA, 225 PIP TARGET, YELLOW AREA IS WHERE I AM EXPECTING THE PRICE TO BOUNCE AND RESET. THIS TRADE IS SIMPLY BASED OFF PREVIOUS PRICE LEVELS ON WHERE IT HAS HIT BEFORE. AWAIT BEFORE RESET IN YELLOW AREA BEFORE ENTRY. THIS IS A SWING TRADE WITH A 50 PIP STOP LOSS MEANING I WILL MORE THAN LIKELY BE HOLDING FOR A MATTER OF WEEKS...
I will be looking to get in a long position once it's bounced off my price area and has a slight reset of price. It is currently sitting at a price area which it has hit before and then bounced back up aimed around 60/80 pips pushing up. From my trend wave analysis, this is something which I will be expecting again once the markets open on the 18.07.21 22:00...