USD / CHF SELL OPPORTUNITY .
Updated
https://www.tradingview.com/x/EG7s83zY/
DESCRIPTION OF TRADE IDEA .
As we can clearly see head and shoulder pattern , being formed up in 4hr TF , it sells us the idea of potential short opportunity incoming in the future .
Secondly , we can see a strong momentum of 4hr bearish candle formed up and making a fractal low , which in many times i have seen goes to retest on the nearest supply or demand area before reversal as per trend ,in this case it is most likely to retest from the 4hr mini supply and go downwards .
SCENARIO FOR TRADES HERE .
Potential trade for opening of the week Mon to Tuesday and furthest till Wednesday London session.
- one could take a short from opening London session on Monday if the price is still on current supply zone .If I was to take this trade I would look to hold onto the next demand zone until of 0.87200 or until Wednesday before red news. [/I]
Potential trade idea from Wednesday to Friday ( red news zone )
I would look to enter on the trade if the price retest the current supply zone to short , this might give us a proper window to manage risk with small stop loss and bigger lot size.
regardless I will be posting the idea through the week as we go along and what market shows us throughout.
NOTES : As i align with my confluences and experience of what i have regularly seen in the market to potentially take the trade , i am constantly monitoring key principal of trading to take the trade effectively which are :
Market structure
fractal structure
Ibos - internal break of structure
liquidity in line with supply and demand
time of trade and risk management .
DESCRIPTION OF TRADE IDEA .
As we can clearly see head and shoulder pattern , being formed up in 4hr TF , it sells us the idea of potential short opportunity incoming in the future .
Secondly , we can see a strong momentum of 4hr bearish candle formed up and making a fractal low , which in many times i have seen goes to retest on the nearest supply or demand area before reversal as per trend ,in this case it is most likely to retest from the 4hr mini supply and go downwards .
SCENARIO FOR TRADES HERE .
Potential trade for opening of the week Mon to Tuesday and furthest till Wednesday London session.
- one could take a short from opening London session on Monday if the price is still on current supply zone .If I was to take this trade I would look to hold onto the next demand zone until of 0.87200 or until Wednesday before red news. [/I]
Potential trade idea from Wednesday to Friday ( red news zone )
I would look to enter on the trade if the price retest the current supply zone to short , this might give us a proper window to manage risk with small stop loss and bigger lot size.
regardless I will be posting the idea through the week as we go along and what market shows us throughout.
NOTES : As i align with my confluences and experience of what i have regularly seen in the market to potentially take the trade , i am constantly monitoring key principal of trading to take the trade effectively which are :
Market structure
fractal structure
Ibos - internal break of structure
liquidity in line with supply and demand
time of trade and risk management .
Trade active
i have taken a mini 15m TF Trade , intra day trade as of now.
Note
trade is still aas per plan as mentione on the opening of week , as i had mentione for mon tuesday , be quick to book profit or worst small loss or break even if taking trade on monday or tuesday , in my case iad abreak even .
i had anticipatedv the current reversal movement on late tuedasy or wednesday onwards with my analysis that it had a chance of going up to take liquidity on key supply zone . which in this case it look like it.
i will still be looking to short this pair on NY ses from wed - frid , whenever it aligns with my confluences.
Note - always have dynamic assement of trade.
Note
Note
As mentioned wed , thur and friday are key for trading this setup . some good trades. Trade closed: target reached
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.