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Usdchfshort

USD/CHF Short 100 pipsGoing short on USDCHF after a double top on a higher timeframe and 2 shooting stars. (On a Daily Timeframe) I got in on a 4H candle open. The entry signal really didn't matter to me on this trade because I'm trying to make trading as simple as possible. If I see a closure on the 4H timeframe breaking a zone of support a retest up should hold as resistance. Plus a break in the the trendline. One thing I am concerned about is that right (or left) shoulder that looks like it's forming an Inverted H&S so I will watch out for that. Entry : 0.93032 S/L: 0.93332 - 30 pips T/P: Break in trendline so point A + psych level 0.92000
Short
by itradethingsxx
USDCHF SHORTS ACTIVE 📉📉📉📉 Expecting bearish price action on this pair as we are in a clear bearish market strucutre with bearish bos and lower highs / lower lows. I will take my short entry only if price will reach the premium market are on the fibonacci somewhere around 0.93500 + bearish orderblock on h4 as i think that area should hold for a SHORT. The retail heard is LONG on this pair and this should add more confluence to our trade What do you think ? Comment below..
Short
by AnonimFXRO
USDCHF Analysis 25/3/22 1hr Update: Would like to showcase my best trade from this week, I know my charts are messy but I would just like to show my logic for taking this trade, it had everything I was looking for, I just had to decide where my profit target was. this grey box was around the level I started to get out of the trade. I looked at the 4h structure and you can see from the topping out formation we made bearish structure, perfect retests of the 0.79-88 fib. once price yesterday made a retrace to the 0.79 I started looking for a short, my entry was actually on the 15 min chart and it was actually a 6 pip SL. I was close to being stopped but it held structure and continued dropping, we got stuck at the 93 level for hours and I did consider scaling in at this level but I left it. I seen a nice profit target, the market structure on the 4h bearish and we caught a lovely 7R trade I did only use 0.5% risk but a 3.5% is a good way to end the week!
Short
by ryanc49
1