USDCHF short idea- swing trade.
Updated
I am relatively new to the trading scene and recently have been studying techniques using raw price action. I am also trying to improve on my swing trading as this fits into my daily routines/lifestyle better.
In this analysis I will be waiting for a break of key level 0.99 (also I believe to be a phycology level), before shorting this pair for around 300 pips.
Price has recently broken a weekly ascending trendline and now just waiting for pullback.
I will be waiting for the break and retest on daily charts before finding an entry on 4H.
Any tips/comments please leave below.
In this analysis I will be waiting for a break of key level 0.99 (also I believe to be a phycology level), before shorting this pair for around 300 pips.
Price has recently broken a weekly ascending trendline and now just waiting for pullback.
I will be waiting for the break and retest on daily charts before finding an entry on 4H.
Any tips/comments please leave below.
Note
06/05/19 21.59Price has tried to break through 0.99 however we have had two daily wick rejections. Price may pullback before finally breaking through.
I will be waiting for a clear daily break and retest on daily, will have eyes on over the next week or so.
Will be interesting to see how NFP tomorrow affects USD.
Note
Price broken out now looking for retracementNote
I will be looking for a buy on wave 4, at the 1.618 fib extension. Then looking for the short.
going to do a post on this buy trade
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