USDCHF PREPARE FOR DROP ! WATCH THE BREAKOUT
Updated
TRADE IF THE PRICE BREAK THE SUPPORT (WHITE BOX)
HOW TO TRADE:
1) Watch the breakout of the white box (previous support) in 15 Min time frame
2) Find the correction or pull back to broken trend line with fibonacci 38.2, 50, and 61.8 OR the previous support/resistance.
3) If you have find the pullback in 15 Min, change to 5 min for entry. DRAW A TREND LINE IN 5 MIN CORRECTION, if the price break the correction trend line in 5 min. ENTER THE SHORT !
Stop loss placement :
1) Current swing high/low; OR
2) Previous swing high/low
Good luck
Please like, comment, and subscribe to support the author if you find this analysis helpful.
Cheers :D
HOW TO TRADE:
1) Watch the breakout of the white box (previous support) in 15 Min time frame
2) Find the correction or pull back to broken trend line with fibonacci 38.2, 50, and 61.8 OR the previous support/resistance.
3) If you have find the pullback in 15 Min, change to 5 min for entry. DRAW A TREND LINE IN 5 MIN CORRECTION, if the price break the correction trend line in 5 min. ENTER THE SHORT !
Stop loss placement :
1) Current swing high/low; OR
2) Previous swing high/low
Good luck
Please like, comment, and subscribe to support the author if you find this analysis helpful.
Cheers :D
Note
Note
Note
how you catch it.Note
Hope you catch it.Note
Another pullback, you can short now.
Note
NICE DROP !
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