USD/CHF Break Thru Weekly and Daily Trend Lines - Order Book also shows alot of Sell Limit Orders from 0.975 to 1.00 and very little Buy Limit Volume
We wait for the Break at 69.830 to hunt for Confirmations to stack Short Positions
We go short after the Break + Candle Confirmation or Retest - at 2023. (Hit a Monthly Double Top aswell)
Just Scalp, No Swings! It have a Bullish Flag in the Direction of a Daily bullish Break - All we want is a quick Retracement Scalp for a few Pips only, TP's are near the 200 EMA, SL below the last high. Buy Stop should be below the Channel, no Market Orders here!
If GC break the Daily Trend Line, we could set our first TP to the Round Number 1.30000. Second TP would be 1.3300. We entry at the Retest, not at the Break. If the Break is a Hammer or any other strong Pattern we enter without Retest.
There is a Weekly Breakout to the upside, i dont trade this longterm. Just go for a short bearish Break/Retest Breakout
This could be a good Idea to go with the monthly breakout! We observe Price Action at the Top to propably stack up some Buys at 121505 Edit: There is a psychological Number 122.000 - This is my third Post, set your TP below that Number, it should be a 1:1
If you draw vertical Resistance in monthly TF, you see a strong bullish movement and dojis combined with strong momentum. Oberve that in 30M and look for a Buy at ~ 12150
Wait for the final Touch, then it should bounce back to 0.63864 and then break thru the multiple verified Resistance First TP is 64860 Second TP is 66636 Third TP is 66976