USDCHF Long
Similar to previous idea, but the mark out of this chart makes it clearer for my own Trade Journal.
M15 Break of Structure (BoS) as marked out in the chart.
Price retraced into supply zone, which is 0.79 Fib as well.
From what I see, Price came down and took out all the liquidity, getting ready for the move upwards to high HTF swing high. But I'm only targeting the LTF Swing High as I don't like to stay in the market and remain as liquidity.
It would be better to see price action in M15 shows more fractal break upward or M5 charts form higher high. I'm actually jumping the gun here.
This is a 1:4RR Gamble for me rather than a trade I'm confident/fully committed to. Still learning how to curb the degenerate in me.
*Do note that all my trade ideas are taken by myself with 1% risk or lesser. And I only trade Price Action.
M15 Break of Structure (BoS) as marked out in the chart.
Price retraced into supply zone, which is 0.79 Fib as well.
From what I see, Price came down and took out all the liquidity, getting ready for the move upwards to high HTF swing high. But I'm only targeting the LTF Swing High as I don't like to stay in the market and remain as liquidity.
It would be better to see price action in M15 shows more fractal break upward or M5 charts form higher high. I'm actually jumping the gun here.
This is a 1:4RR Gamble for me rather than a trade I'm confident/fully committed to. Still learning how to curb the degenerate in me.
*Do note that all my trade ideas are taken by myself with 1% risk or lesser. And I only trade Price Action.
Trade closed: stop reached
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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.
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.