USDCHF short idea- swing trade.

I am relatively new to the trading scene and recently have been studying techniques using raw price action. I am also trying to improve on my swing trading as this fits into my daily routines/lifestyle better.

In this analysis I will be waiting for a break of key level 0.99 (also I believe to be a phycology level), before shorting this pair for around 300 pips.
Price has recently broken a weekly ascending trendline and now just waiting for pullback.
I will be waiting for the break and retest on daily charts before finding an entry on 4H.

Any tips/comments please leave below.

Commentaire:

06/05/19 21.59

Price has tried to break through 0.99 however we have had two daily wick rejections. Price may pullback before finally breaking through.
I will be waiting for a clear daily break and retest on daily, will have eyes on over the next week or so.
Will be interesting to see how NFP tomorrow affects USD.

Commentaire:

Price broken out now looking for retracement

Commentaire:

I will be looking for a buy on wave 4, at the 1.618 fib extension.
Then looking for the short.
going to do a post on this buy trade