For Traders and Investors. This is how I’ve been actively monitoring GBPCHF for a couple of weeks, and now I have shared with you how I intend to accurately predict these next price movements and targets potentially as a result of back-testing and preparing key details that should work profitability. If you agree with this idea hit the boost, and I appreciate it.
- In the beginning, the process of identifying, figuring out, learning, and executing this high probability Sell Opportunity began with the presentation of this Bearish Candle at the 16th-hour 45-minute mark on Thursday, possessing these four specific principles below, that I strongly believe has the potential capacity within itself to prevent the price of GBPCHF from hitting a 28.6 pip price level above the bottom bearish candle in the first four hours 45 minutes of its process if it hasn’t already at 1.13803pts, while potentially influencing the price of GBPCHF to fall further than 78 pips below the bottom bearish candle in 1-3 days at 1.12743pts* - This was and still is the first Bearish Candle of this trading week.
(These are the four specific principles present below) - 3.21.2024 1st Principle = The (Red Ma) is fully above this Bearish Candle and the (Blue Ema) — Essential 2nd Principle = This Bearish Candle has and will remain to have a flat top, no wick — Essential 3rd Principle = This entire Bearish Candle is fully below the Ichimoku Cloud — Essential 4th and final Principle = The previous wick of this Bearish Candle is 64 pips away from the bottom bearish candle, which is greater than the first bearish previous wick (25) by a large margin of 39 = automatically making it a greater previous wick, knowing that the greater the previous wick = the more effective, profitable, and powerful this Bearish Candle is expected to become within itself to influence the price to fall toward a specific level. — Essential
(Chart Work / Greater Chart View) - 🌅
(Buomkuoth’s Sell Position off this Bearish Candle revealed) - 3.21.2024 My Entry Price was 1.13586pts / The current price is at 1.13336pts The price of my take profit is set at 1.12724pts (85.3 pips) The price of my stop loss is set at 1.13825pts (24.8 pips) - My risk management rules are in place within this position, yours should be too! (2-4% risk)
(Bk) Buomkuoth Nhial Reath 👑 / Glory be to God the Father of our Lord Jesus Christ now and forever more! Amen.
Trade active
As of right now, this trade idea is going exactly how I expected it to go in perception and view, increasing my current balance by $443 USD in profit in 11 hours into this trade process, so shout out all the bears/bulls who collected their fruits this week, stay hunger + patient and keep learning and studying your craft. Jesus is King of kings and Lord of lords! Amen.
Note
The price of GBPCHF is currently 35.5 pips away from the price of my take profit, which has been adjusted to 1.12647pts
Trade active
Got in again and SELL GBPCHF at 1.13998pts / the current price of GBPCHF is 1.13916pts The price of my take profit is set at 1.13227pts (76 pips) The price of my stop loss is set at 1.14312pts (32.5 pips) - My strict risk tolerance has been applied into this position / always apply proper risk management.
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