How to Trade with Lo
T.S.E.P checklist for
GBPCHF
1) Trend:
-----Daily -> UP and at Daily Structure
-----4 Hourly -> DOWN but at Daily Support
2) Structure: Red Zone
3) Entry Reasons:
-----a- Hunt the high of yesterday
-----b- Double top on lower time frame (15min or 60min).
-----c- with divergence on that lower time frame (15min or 60min).
4) Patience: If the price reaches the red zone by NY session then this will a confirmation for me to short. For now it can either go to the red zone but also break through the daily support already. If break down then I will wait for a retest of the Daily support which becomes daily resistance to go short.
T.S.E.P checklist for
GBPCHF1) Trend:
-----Daily -> UP and at Daily Structure
-----4 Hourly -> DOWN but at Daily Support
2) Structure: Red Zone
3) Entry Reasons:
-----a- Hunt the high of yesterday
-----b- Double top on lower time frame (15min or 60min).
-----c- with divergence on that lower time frame (15min or 60min).
4) Patience: If the price reaches the red zone by NY session then this will a confirmation for me to short. For now it can either go to the red zone but also break through the daily support already. If break down then I will wait for a retest of the Daily support which becomes daily resistance to go short.
Note
The price is doing exactly what we were expected. for scalpers you may enter on retest of structure of the 15min to go long but we are waiting for the short set up. watch it closely.Trade active
lets check our entry reasons:a- stop hunt. check
b- double top. check
c- bearish divergence on RSI
Trade closed: stop reached
looking to re-enter soon with clear entry reasonTrade active
back in.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.