How to Trade with Lo
T.S.E.P checklist for
USDCHF
1) Trend:
-----Daily -> UP and just left the Daily Support with a bear pressure
-----4 Hourly -> DOWN with close below previous low (4 hour chart)
2) Structure: Red Zone
3) Entry Reasons:
-----a- Rally
-----b- Double Top on lower time frame (15min or 60min) or Exhaustion or Engulfing candles.
-----c- London Breakout session with RSI divergence on lower time frame.
4) Patience: If the price reaches the Red zone I will look for opportunity to go short.
T.S.E.P checklist for
USDCHF1) Trend:
-----Daily -> UP and just left the Daily Support with a bear pressure
-----4 Hourly -> DOWN with close below previous low (4 hour chart)
2) Structure: Red Zone
3) Entry Reasons:
-----a- Rally
-----b- Double Top on lower time frame (15min or 60min) or Exhaustion or Engulfing candles.
-----c- London Breakout session with RSI divergence on lower time frame.
4) Patience: If the price reaches the Red zone I will look for opportunity to go short.
Note
Alright Traders. Watch closely it is in a zone where it can go south now.I will be looking at a double top on 15min or 60min with RSI bearish divergence.
Trade active
i did not catch the top of the trade but based on ema the trade is activeTrade closed: stop reached
usd news
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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.