Time to short this sucker USDCHF #fx #forex #trading
Summary
Break
Scenario : Short
- A break of the blue trendline which is better represented on the 4H chart will support my bias to go short and i will be looking for. This line has acted s good support for the rising trendline and a break of it will mean further down to the green major trendline. A hidden bearish divergence is also worth mentioning as this signifies trend continuation.
Entry
I favor an entry at 0.886 zone after a break and then a bounce of the blue TL
SL is based on previous high and fibonacci reversal of 0.89457
Total TP Target : 0.86273
TP1 : 55% of T.TP
TP 2: 85% of T.TP
Follow me on twitter @olatrading
Total Trades :3
Total Pips : 313 Pips
Break
Scenario : Short
- A break of the blue trendline which is better represented on the 4H chart will support my bias to go short and i will be looking for. This line has acted s good support for the rising trendline and a break of it will mean further down to the green major trendline. A hidden bearish divergence is also worth mentioning as this signifies trend continuation.
Entry
I favor an entry at 0.886 zone after a break and then a bounce of the blue TL
SL is based on previous high and fibonacci reversal of 0.89457
Total TP Target : 0.86273
TP1 : 55% of T.TP
TP 2: 85% of T.TP
Follow me on twitter @olatrading
Total Trades :3
Total Pips : 313 Pips