USDCHF - Short - 4 hour time frame - Fib and 6 to 1 win vs risk
Hello all DuncanForex here with another trade idea
With USDCHF heading higher, at the 61.8% retrace area, it has just printed an engulfing bearish candle.
I am now expecting price to head lower for a 6 to 1 Win vs Risk trade.
WIth USD continuing to receive dovish tones from important individuals, I am expecting this to head lower fairly fast.
One to hold over the weekend and will take most of next week to play out.
I am entering 3 trades and will look to enter further trades as it starts to cycle lower.
My website is now live
Thanks for looking at my idea
Duncan
With USDCHF heading higher, at the 61.8% retrace area, it has just printed an engulfing bearish candle.
I am now expecting price to head lower for a 6 to 1 Win vs Risk trade.
WIth USD continuing to receive dovish tones from important individuals, I am expecting this to head lower fairly fast.
One to hold over the weekend and will take most of next week to play out.
I am entering 3 trades and will look to enter further trades as it starts to cycle lower.
My website is now live
Thanks for looking at my idea
Duncan
Trade active
Here is EURUSD that may do similar to the above - however the market isn't showing this as yet Trade active
Well - they moved fast, have to love the Fed, 6 positions, 3 short for USDCHF and 3 long for EURUSD - along with scalping Gold too.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.