USDCHF - Sell
Updated
Arguments to make this trade:
- On the daily chart , RSI is leaving the overbought area, SlowStoch is crossing over, MACD is about to cross, an evening star formed some days ago.
- It seems we are going to make a correction with this pair after the impulse up.
- Divergences showing on the 4 hour chart, indicating buyers are drying up.
- Failed to break the top few days ago.
ENTRY: 1,011
SL: 1,02
TARGET: 0.98 (Don't know where to put this actually)
Planning on adding during the ride.
FYI: I'm a complete newb in trading and to improve and add some discipline to my trades I'll post my ideas on Tradingview. Also to review my thought process why I made this trade.
All the "juice" to make this trade is gathered from other traders their idea, mostly published on Tradingview. Thanks to these guys for sharing your ideas with the community!
- On the daily chart , RSI is leaving the overbought area, SlowStoch is crossing over, MACD is about to cross, an evening star formed some days ago.
- It seems we are going to make a correction with this pair after the impulse up.
- Divergences showing on the 4 hour chart, indicating buyers are drying up.
- Failed to break the top few days ago.
ENTRY: 1,011
SL: 1,02
TARGET: 0.98 (Don't know where to put this actually)
Planning on adding during the ride.
FYI: I'm a complete newb in trading and to improve and add some discipline to my trades I'll post my ideas on Tradingview. Also to review my thought process why I made this trade.
All the "juice" to make this trade is gathered from other traders their idea, mostly published on Tradingview. Thanks to these guys for sharing your ideas with the community!
Note
Looks good, seems we broke the fibo 0,786Moving SL to 1,0065
Trade closed: stop reached
New SL hit, small profit
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