Get started
U.S. Dollar / Swiss Franc
Short

USDCHF (H4) Reacts negatively to the 0.618 Fibonacci zone

By VNSmartMoney
Updated
USDCHF USDCHF (H4) Reacts negatively to the 0.618 Fibonacci zone of the previous down wave. With a bearish red candle, we can execute the order:
Sell now at 0.86692
SL at 0.86866
TP1 at 0.86541
TP2 at 0.86364
TP3 at 0.86120
Note: capital management 2%
Comment
Near to TP3
snapshot
Trade active
Move SL to TP2
snapshot
Trade closed: stop reached
We got near to TP2
snapshot
Chart PatternsFibonacciFibonacci Retracementforexsignalforexsignalsresistance_levelresistenceSupply and DemandUSDCHFusdchfanalysisusdchfshortvnsmartmoney
VNSmartMoney

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.