Trade Idea on "USDCHF" by ThinkingAntsOk
Consider this as a guide to develop your own setup
Main Items we see on the 4hs Chart:
a)Price is against a Resistance and the Descending Trendline, both combined create an interesting spot for reversals
b)We can see 4 previous scenarios with similar characteristics to the current one, use them to see how price evolved
c)On the Chart we place Entry zone, Stop zone, and Take Profit zone, use them as an idea of where to place your trading orders if you are planning to take this trade.
d)Also there are some levels that you should pay attention just in case price bounce from there ( this item is only valid IF the setup goes as expected
Remember your objective is that if the setup goes as expected you enter on a good spot. And if the setup doesn't go as expected, you should avoid entering the market on a fake out.
*Please note that the above perspective is our view on the market, We do not give signals and take no responsibility for your trades.
Main Items we see on the 4hs Chart:
a)Price is against a Resistance and the Descending Trendline, both combined create an interesting spot for reversals
b)We can see 4 previous scenarios with similar characteristics to the current one, use them to see how price evolved
c)On the Chart we place Entry zone, Stop zone, and Take Profit zone, use them as an idea of where to place your trading orders if you are planning to take this trade.
d)Also there are some levels that you should pay attention just in case price bounce from there ( this item is only valid IF the setup goes as expected
Remember your objective is that if the setup goes as expected you enter on a good spot. And if the setup doesn't go as expected, you should avoid entering the market on a fake out.
*Please note that the above perspective is our view on the market, We do not give signals and take no responsibility for your trades.
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.