GBPCHF Short
GBPCHF expected to make a retracement back towards the Supply Zone.
A short trade is suggested , which is in line with the HTF Downtrend.
1. Entry Conditions
a. Zone - between the Fibonacci .618 and .786 and up against the 50 EMA.
b. Directional Bias - look for MTF alignment of MACD to the downside.
c. Momentum - check price has moved to the OB zone of RSI and is making a break down below the 70 level.
d. Trigger - selling pressure indicated by bearish candlestick pattern on a LTF.
2. Stop - above the Supply Zone High
3. Target - the Demand Zone below.
RR = 2.
A short trade is suggested , which is in line with the HTF Downtrend.
1. Entry Conditions
a. Zone - between the Fibonacci .618 and .786 and up against the 50 EMA.
b. Directional Bias - look for MTF alignment of MACD to the downside.
c. Momentum - check price has moved to the OB zone of RSI and is making a break down below the 70 level.
d. Trigger - selling pressure indicated by bearish candlestick pattern on a LTF.
2. Stop - above the Supply Zone High
3. Target - the Demand Zone below.
RR = 2.
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.