Upcoming USDCHF sells.The CHF group is showing that the sellers are here but entries will need to be refined when it comes to the desired area of entry. I would like to see the price return to the trap. Let’s see how this plays out!
Usdchfshorts
USDCHF H4The USDCHF chart has been on the uptrend for a while now. And it has seen a break of structure, failing to reach new higher highs. I think new lower lows will be formed. This is what I think.
Please comment your thoughts on this.
USDCHF shorts shooting usdchf
confluence
1. structure break and retest
2. 0.618 fib tested
3. lower time frame price action
4. 50 ema rejection
POTENTIAL SELL OPPORTUNITY ON USDCHF Price broke bearish and retraced bullish. I have marked the grey line which would be a 50% retracement of the bearish move. Price has formed bearish divergence and potential to move bearish towards to green line i have marked.
Risk exposure - 1%
Risk to Reward - 1:2
Happy Trading All.
(Sell) USDCHF Trade Plan for April 9, 2018Double bar reversal pattern from 23.6% Fibonacci retracement level of Q1 2018 high low. Stops at 0.9630 and targets at 0.9430 or so so suffice.
