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Uf

USDCHF ShortGood morning ladies & gents, USDCHF has hit a H4 Bearish Propulsion Block whilst simultaneously creating Fair Value Gaps on its way up. Price hunted past previous day's highs and created a sell structure. The targets are highlighted below. I've personally got 3 targets but these two that I've depicted are the first and last ones. Disclaimer: This is my opinion and the way I view the markets. Do not take this as trading advice. You're trading at your own risk if you use this idea, so please please use good risk management. My mentor always told me: if you take care of your downside, the upside will take care of itself. Consistency is the key. Love & Peace
Short
by Jiraiya_eth
MPP, almost did not move.MPP was updated in July. Unfortunately, however, it did not almost move about this symbol. As the weekly chart, it is a range market so it will be both short and long compactly for a while. Weekly chart << tactics >> 1) MPP (P) 0.98956 is function as a support line long. The first limit is under WePP (R1) 0.99799. The second limit is under 1.0000 but it seems to be dangerous. 2) It is doubtful whether MPP (P) 0.98956 functioned as a support line After going through MPP (P) 0.98956 and acting as a resistance line, consider a short entry. I would be grateful if you like it idea,give me follow or agrees! ------------------------- -------------------------- Brown thick line: Yearly Pivot Points (YPP in the text) Light blue thick line: Monthly Pivot Points (MPP in the text) Green thin line: Weekly Pivot Points (WePP in the text) Indigo thickLine: Horizontal line or Trend line seen by weekly or monthly Indigo thin line: Horizontal line or Trend line seen by 4hourly or daily Indigo dotted line: outstanding double zero Red curve: EMA 20 close Indigo curve: EMA 200 close Green curve: EMA 800 close Black curve: EMA 1600 close x mark: Line which may not function ------------------------- --------------------------
Long
by fondiea
MPP, almost did not move.MPP was updated in July. Unfortunately, however, it did not almost move about this symbol. As the weekly chart, it is a range market so it will be both short and long compactly for a while. Weekly chart << tactics >> 1) MPP (P) 0.98956 is function as a support line long. The first limit is under WePP (R1) 0.99799. The second limit is under 1.0000 but it seems to be dangerous. 2) It is doubtful whether MPP (P) 0.98956 functioned as a support line After going through MPP (P) 0.98956 and acting as a resistance line, consider a short entry. I would be grateful if you like it idea,give me follow or agrees! ------------------------- -------------------------- Brown thick line: Yearly Pivot Points (YPP in the text) Light blue thick line: Monthly Pivot Points (MPP in the text) Green thin line: Weekly Pivot Points (WePP in the text) Indigo thickLine: Horizontal line or Trend line seen by weekly or monthly Indigo thin line: Horizontal line or Trend line seen by 4hourly or daily Indigo dotted line: outstanding double zero Red curve: EMA 20 close Indigo curve: EMA 200 close Green curve: EMA 800 close Black curve: EMA 1600 close x mark: Line which may not function ------------------------- --------------------------
Long
by fondiea