USDCHF Potential Short
Updated
Fundamentals for today are in line with a short on this pair. The state of the market on the 1H is a range. The price broke the highest price of Asia session.
Waiting on the following before entering a short position on this pair:
- Fibonacci retracement around 61,8% or 78,6%
- V-Formation on the 3M Chart
- One or two tests after the V-formation that will not go higher than the V-formation
- During the test(s) the buyers must getting weaker.
- At 14:40 (GMT +1) there's USD news, could have impact. If USD Still weak than short still option, if not short not valid.
Waiting on the following before entering a short position on this pair:
- Fibonacci retracement around 61,8% or 78,6%
- V-Formation on the 3M Chart
- One or two tests after the V-formation that will not go higher than the V-formation
- During the test(s) the buyers must getting weaker.
- At 14:40 (GMT +1) there's USD news, could have impact. If USD Still weak than short still option, if not short not valid.
Note
Fibonacci retracement around 61,8% or 78,6% ✓Note
✓ V-Formation on the 3M Chart✓ One or two tests after the V-formation that will not go higher than the V-formation
✓ During the test(s) the buyers must getting weaker.
Trade active
Entry: 0.88979Stops: 0.89099
TP: 0.88799
Note
USD news came out, USD still weak. Trade still valid.Trade closed manually
Closing price: 0.88887
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