On the Weekly timeframe we have a perfect (EVENING STAR) candle pattern that has formed.
On the lower timeframes Daily or 4hr price is bouncing off of a small support zone and because of this price could go up a few pips.
I am looking to catch this pair going in either direction but my bias is (SELL) because of the evening start pattern.
Here are the plays I will be making on this pair:
PAIR = EUR/CHF
ORDER TYPE = SELL STOP (PENDING ORDER)
LOT SIZE = Micro lot (0.01) (0.02)
ENTRY PRICE = 1.03026
STOP LOSS = 1.03642 - 61 PIPS
TAKE PROFIT = 1.01441 - 158 PIPS
PAIR = EUR/CHF
ORDER TYPE = BUY STOP (PENDING ORDER)
LOT SIZE = Micro lot (0.01) (0.02)
ENTRY PRICE = 1.03881
STOP LOSS = 1.03243 - 63 PIPS
TAKE PROFIT = 1.04881 - 100 PIPS
On the lower timeframes Daily or 4hr price is bouncing off of a small support zone and because of this price could go up a few pips.
I am looking to catch this pair going in either direction but my bias is (SELL) because of the evening start pattern.
Here are the plays I will be making on this pair:
PAIR = EUR/CHF
ORDER TYPE = SELL STOP (PENDING ORDER)
LOT SIZE = Micro lot (0.01) (0.02)
ENTRY PRICE = 1.03026
STOP LOSS = 1.03642 - 61 PIPS
TAKE PROFIT = 1.01441 - 158 PIPS
PAIR = EUR/CHF
ORDER TYPE = BUY STOP (PENDING ORDER)
LOT SIZE = Micro lot (0.01) (0.02)
ENTRY PRICE = 1.03881
STOP LOSS = 1.03243 - 63 PIPS
TAKE PROFIT = 1.04881 - 100 PIPS