USD/CHF Trading Result : +90 Pips ✅
Well, as I promised, a complete analysis of why and how I entered into the Sell Trade on USDCHF in that important range, and actually took the Trade as a Sniper ! Well, you see, since the previous day, before the Flash Services PMI rate was announced, the price had reached its highest high, that is, 0.96924, after that, the dollar index weakened with the announcement of the PMI , and we saw a 90 pips drop in the price! With this Spike , a FVG was created in the price, where it was expected that the price would return to it and fill this Voidness formed in the lower time frames ! The same thing happened and the price returned to the level before the fall (RTO) , now the price had filled this gap and entered the Bearish Order Block . It fell and with a Stop Loss (SL) of about 20 pips , we could get a return of 70 pips, that is, an amazing R/R of 1 to 3.5 ! When the price reached $0.96160, we liquidated 50% of the position and the rest was Free Risk! As you can see, the reason for criticizing the position in that range was the presence of a Bullish Breaker Block , which the price reacted to! I hope this detailed analysis was interesting and helpful for you ! ❤️
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⚠️ This Analysis will be updated ...
👤 Arman Shaban : ArmanShabanTrading
📅 08.26.2022
⚠️(DYOR)
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Follow us for more analysis & Feel free to ask any questions you have, we are here to help.
⚠️ This Analysis will be updated ...
👤 Arman Shaban : ArmanShabanTrading
📅 08.26.2022
⚠️(DYOR)
❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
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