USDCHF has a solid support on the 4 hour Already broke and looks like its getting ready for that retest to that resistance, then we can snipe the entry for the sell. After it retests, I may use 2 consecutive bearish 1hr candles, or may use 2 consecutive 15 min bearish candles. We'll see :-) Let me know what you guys think!
essentially looking for a break and retest out of that parallel channel (4 hr time frame) - Double Bottom Confirmation - Downtrend AND perfect AB:CD pattern (on the 4hr) - Perfect break and retest off the CD trend
Price rejected off of the FU candle, looking for a bearish trend in the market
price trapped into consolidation waiting for break out of zone, retest, following with another break wait for 2 consecutive 15 min candles and snipe the entry
- Break was executed, waiting for the retest back into the consolidation zone - After breakout, 2 15 min bull candles and we can snipe the entry