CADCHF 12.06.2019
DAILY:
1. prev. daily candle hit 71% fib level and closed below the 61.8% key level (rejection)
2. prev. daily candle closed below the daily descending trendline (green).
points 1 + 2 above, indicate a possible short trade setup (pair currently running in a downtrend = Shorts >>> longs)
4H:
- yesterday there was a bearish engulfing candle stick = further downside confirmation (pink sphere)
- waiting for retest + entry of the 61.8% fib level (zone)
Entry:
- waiting for retest of trendline + 61.8% fib level for further downside mvnt.
- watching oil and CHFJPY for correlation which will further indicate whether setup is viable or not.
- watch fundamentals releases for the day
invalid set up if:
- 4h candle close inside zone (above 61.8% fib level)
- no clear indication of retest on daily time frame
1. prev. daily candle hit 71% fib level and closed below the 61.8% key level (rejection)
2. prev. daily candle closed below the daily descending trendline (green).
points 1 + 2 above, indicate a possible short trade setup (pair currently running in a downtrend = Shorts >>> longs)
4H:
- yesterday there was a bearish engulfing candle stick = further downside confirmation (pink sphere)
- waiting for retest + entry of the 61.8% fib level (zone)
Entry:
- waiting for retest of trendline + 61.8% fib level for further downside mvnt.
- watching oil and CHFJPY for correlation which will further indicate whether setup is viable or not.
- watch fundamentals releases for the day
invalid set up if:
- 4h candle close inside zone (above 61.8% fib level)
- no clear indication of retest on daily time frame
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.