USDCHF POTENTIAL SHORT OPPORTUNITY 1D TIMEFRAME
Updated
USDCHF POTENTIAL SHORT
I had posted last week on USDCHF displaying how it is sitting at very significant structure. This last week the market had showed me a move that peaked my interest and that supported the short bias on this pair. On the daily timeframe this pair was recently moving to the upside, formed structure, then came crashing down failing to make a new high and breaking that newly formed structure level. The sellers came in with strong momentum and this led to my belief that the market is trying to tell me something. Remember to always let the market tell you what it wants to do rather than you telling the market. Follow who makes money and that is who moves the market (driving forces). This drop I think could be a lead in into a future potential downward move. Lets check it out.
1D Chart:
* Price is sitting around the significant price area of 1.000
*The market attempted to make a new high after forming new structure and was immediately pulled down with seller strength
*The seller showed strong interest in this price area not allowing it to go higher
*watch for weak buyer pullback to display seller control/power
4H Chart:
*on this timeframe look for a weak buyer pullback back into that recent significant structure
*watch for strong seller interest again once price pulls back into the structure point
*use this timeframe for better risk/reward on this pair
REMEMBER TO ALWAYS USE PROPER RISK MANAGEMENT AND BE DISCIPLINED IN YOUR APPROACH. STICK TO YOUR TRADING PLAN. I UNDERSTAND NOT EVERYBODY IS GOING TO LIKE HOW I TRADE AND I AM NOT HERE TO APPEAL TO EVERYBODY. I AM HERE TO CHANGE AS MANY LIVES AS I CAN AND I UNDERSTAND ITS EASIER WHEN WE TRADE SIMILAR. BUT THE PRINCIPLES AND FOUNDATION ARE ALL THE SAME.
Cheers! Please follow my page for more profitable trade setups !
I had posted last week on USDCHF displaying how it is sitting at very significant structure. This last week the market had showed me a move that peaked my interest and that supported the short bias on this pair. On the daily timeframe this pair was recently moving to the upside, formed structure, then came crashing down failing to make a new high and breaking that newly formed structure level. The sellers came in with strong momentum and this led to my belief that the market is trying to tell me something. Remember to always let the market tell you what it wants to do rather than you telling the market. Follow who makes money and that is who moves the market (driving forces). This drop I think could be a lead in into a future potential downward move. Lets check it out.
1D Chart:
* Price is sitting around the significant price area of 1.000
*The market attempted to make a new high after forming new structure and was immediately pulled down with seller strength
*The seller showed strong interest in this price area not allowing it to go higher
*watch for weak buyer pullback to display seller control/power
4H Chart:
*on this timeframe look for a weak buyer pullback back into that recent significant structure
*watch for strong seller interest again once price pulls back into the structure point
*use this timeframe for better risk/reward on this pair
REMEMBER TO ALWAYS USE PROPER RISK MANAGEMENT AND BE DISCIPLINED IN YOUR APPROACH. STICK TO YOUR TRADING PLAN. I UNDERSTAND NOT EVERYBODY IS GOING TO LIKE HOW I TRADE AND I AM NOT HERE TO APPEAL TO EVERYBODY. I AM HERE TO CHANGE AS MANY LIVES AS I CAN AND I UNDERSTAND ITS EASIER WHEN WE TRADE SIMILAR. BUT THE PRINCIPLES AND FOUNDATION ARE ALL THE SAME.
Cheers! Please follow my page for more profitable trade setups !
Trade closed: target reached
USDCHF HAS HIT TARGET ONE. MOVE STOPS TO BREAK EVEN FOR A RISK FREE TRADE. CHEERS!
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