Could enter for a short if we get a Lower Low Lower Close*(title LL LC).
Sl can be tight then and just outside the channel, since trade is "wrong" if we break it anyway.
See title,
Allert placed, Ctrader charted.
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There is potential for a drop on Usd/Chf on the h4 and daily timeframes, But need to be extremely carefull since it did test the trendline quite a lot already making it prone for a breakout.
Stops can be placed just outside the trendline since the trade is "wrong" there anyway.
again, low probability of this happening, just good risk reward.
Trading for...
If price reacts nicely and is not around any major news when it does react it could be a nice short in the given zone around the 50 fib.
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TItle for what to do.
Trade entered at current price (small)
Orders below.
Ctrader = charted
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See title
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Could enter a short if price accepts support in the smaller falling wedge.
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-see title
Todo: Chart on ctrader
Place limit orders
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- entry here 50%
- orders lower for more favourable price
ctrader = charted
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