FX_IDC:USDCHF suddenly shot up and stopped my previous short. So far it indeed got rejected at a daily forming a nice reversal bearish candle. Same parameters as previous trade.
Previous Trade Idea:
Entry: 1.0967
SL: 1.105
TP: (tp1) 1.005 (tp2) 0.9999 (tp3) 0.991
Any feedbacks are appreciated!
Nice ABCD projection and swing high resistance being tested. Hopefully we can see a drop from here. We keep our stop loss small as if it breaks 1.0125 stop loss then well, all is loss :P
Sell below 1.0030. Stop loss at 1.0071. Take profit at 0.9961.
Reason for the trading strategy (technically):
Price shot up and reached our profit target perfectly. We now prepare to turn bearish below 1.0030 resistance (Fibonacci retracement, horizontal overlap resistance, Fibonacci extension) for a push down to 0.9961 support (Fibonacci retracement, recent...
Daily chart is showing big bearish candle after pin candle closed below psychological level. There are two support areas on the chart. These are based on the GAP between daily candles on chart provided by my broker my broker. I placed the stop loss just above the daily bearish candle. I calculated TP based on Fibonacci ratios. I'm also bullish for EURUSD pair...
Buy above 0.9959. Stop loss at 0.9898. Take profit at 1.0030.
Reason for the trading strategy (technically):
We prepare to turn bullish above major support at 0.9959 (Fibonacci retracement, horizontal overlap support) for a push up to 1.0030 resistance (Fibonacci retracement, horizontal pullback resistance).
RSI (34) is seeing strong support above the 23% level.
Hi Freedom-Traders,
in the 4h USDCHF a completed bearish bat pattern gives us a nice short opportunity.
You find possible entry and exit levels for minimizing risk and maximizing profits in the chart.
Happy Trading!
Sell below 1.0036. Stop loss at 1.0097. Take profit at 0.9935.
Reason for the trading strategy (technically):
We remain turn bearish below 1.0036 resistance (Fibonacci retracement, swing high resistance) for a push down to 0.9935 (Fibonacci retracement, swing low support).
RSI (34) is seeing resistance below the 66% level and now displays bearish divergence vs...
Sell below 1.0036. Stop loss at 1.0097. Take profit at 0.9935.
Reason for the trading strategy (technically):
Price has reached our profit target from previously. We now turn bearish below 1.0036 resistance (Fibonacci retracement, swing high resistance) for a push down to 0.9935 (Fibonacci retracement, swing low support).
RSI (34) is seeing resistance below the...
Buy above 0.9958. Stop loss at 0.9900. Take profit at 1.0044.
Reason for the trading strategy (technically):
Price has broken our long term descending resistance-turned-support line signalling a change in momentum to bullish. It has also made a very nice pullback and recently displayed a bounce above this descending support line. We turn bullish above 0.9958...
Sell below 0.9958. Stop loss at 1.0027. Take profit at 0.9857.
Reason for the trading strategy (technically):
Price is dropping nicely from yesterday. We remain bearish below 0.9958 resistance (Fibonacci retracement, horizontal overlap resistance, Fibonacci projection, long term descending resistance, EURUSD negative correlation) for another push down to 0.9857...
Sell below 0.9958. Stop loss at 1.0027. Take profit at 0.9857.
Reason for the trading strategy (technically):
We remain bearish below 0.9958 resistance (Fibonacci retracement, horizontal overlap resistance, Fibonacci projection) for another push down to 0.9857 support (Fibonacci projection, recent swing low support).
Stochastic (21,5,3) has reacted off our 92%...
