CHFJPY - SELL IDEA
Despite price has been pushing high since the last few days, the swing structure is bearish so I was looking for sells in this pair.
On the 1h timeframe price created some equal highs and swept that creating kind of a dodji candle followed by this strong bearish candle that gave me the entry.
There are so much liquidity to be taken on the downside, let's see how price will flow.
Strategy Check:
Bearish Structure
Price Flow
Area of interest - stacked area of daily + 4h imbalance
Liquidity Swept
Price Action
On the 1h timeframe price created some equal highs and swept that creating kind of a dodji candle followed by this strong bearish candle that gave me the entry.
There are so much liquidity to be taken on the downside, let's see how price will flow.
Strategy Check:
Bearish Structure
Price Flow
Area of interest - stacked area of daily + 4h imbalance
Liquidity Swept
Price Action
Note
Daily View
Trade fermée: ordre d’arrêt atteint
The price was just bouncing off the break-even point, so after the formation of equal highs and the sweep, I moved my SL to that point, since if the price broke above it, there was no reason to keep my capital open.
Good risk management, I had a loss of 0.56% instead of 1%.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.