Usdchfsell
Entry for SellWe have here two scenarios
FIRST: the price is being rejected in a relevant resistance which does not manage to break or overcome significantly since November 7, so I am looking for a rejection candle to go on sale until level 50 of the fibo that I trace, getting about 40 pips approximately.
SECOND: my second scenario is the formation of a double ceiling, to wait for the price to reach the neck 0.99086 break with selling force and the price will look for the range of 0.98219.
as an extra we have the RSI reaching the overbought area
USDCHF - WEEKLY SWING - 30. JAN. 2018WELCOME TO DACAPITAL-TRADING!
USDCHF FOREX BREAKDOWN 30 JANUARY 2018
1 HOUR
Strong bullish movement into our resistance area!
4 HOUR
Bullish explosion after 0.99!
DAILY
Sideways consodilating Market expecting to break down now!
LEVELS
SELL USDCHF
ENTRY @ 0.99670
SL @ 0.99940 (25 Pips)
TP @ 0.99320 (35 Pips)
RR: 1.30, use normal risk!
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USD/CHF Bearish Set-up - December TrendsUSD/CHF labeled in an Intermediate degree (B) (blue), within a Double Three pattern in its Minor WXY (purple) sub-waves.
MInor W & X (purple) finalized and within Minor Y (purple), its Minute A & B (red) sub-waves have also completed.
Expecting Minute C (red) to commence a bearish sell-off, with a sustained down-trend, in an aggressive and impulsive manner.
10-Test USD CHF I will maintain the short for USD CHF
Dividing my trade in 3 positions
Open 1 position at :- .98996
Open 2nd position at :- .98990 (if rebound)
Open 3nd position at :- .99287( if rebound continue)
Exit at .98510 or put trailing stop and exit .98332
I guess it should do some Up and down and should fall further beyond .98332 more as per the arrows .
Arrows is just an assumption.