Technician
Short

(J) Trade 10: Reactive short of resistance #Forex

FX:GBPCHF   British Pound/Swiss Franc
3876 59 94
Update: Stopped Out.
Profit= -293.74-293.74= -$587.48
Balance= 29 798.94- 587.48 = $ 29 211.46
===========================================================================

Trade 10: Pending Short GBPCHF             @1.4683
S.L @ 1.4775
T1 1.4552
T2 1.4468

For $29,798.94 Balance, Position size = 0.6 lot

===========================================================================

Reasoning
  • Failed to hold above previous high and resistahce area around 1.4700 area
  • 200-days SMA is forming potential resistance
  • Breakdown back below long-legged candle low.

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Wish me luck and best of luck for everyone.

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My best regards
Technician
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Prome PRO
2 years ago
I'm in! Good luck to everyone :)
+1 Reply
deekayusa
2 years ago
Thanks, Good luck!, Finger crossed, this will not hit the target before filled, or I am thinking should take position now :)
+1 Reply
Technician TOP
2 years ago
I will stop posting if it happens again :||||||
+1 Reply
Grygoriy.Lyashenko Technician
2 years ago
NO, it is part of the game )))
Reply
deekayusa Technician
2 years ago
I am confident that it will hit target.
+3 Reply
No_more_Post Technician
2 years ago
really?
-1 Reply
GL to all )
+1 Reply
Qaiser Butt
2 years ago
good luck every one. keep it up Technician. I am learning from your trade setup.
+1 Reply
TahirAli
2 years ago
Thanks Technician.
+1 Reply
el_trader
2 years ago
Good trip to everyone.
+2 Reply
tucoenlasvenas
2 years ago
Technician president of the United State of Tradingview!!!
+6 Reply
Technician TOP tucoenlasvenas
2 years ago
hehehe
+5 Reply
Technician TOP
2 years ago
Thanks all
+4 Reply
aik0717 Technician
2 years ago
This is sort of a counter-trend trade. Correct?
Reply
aik0717 aik0717
2 years ago
This was a Counter-Trend trade. SL hit
Reply
FutureMeDead
2 years ago
What if I told you my Elliott Wave analysis has a "sub 1.42" target? *evillaugh > I'm serious though ;)
Reply
Technician TOP FutureMeDead
2 years ago
Then good luck to both of us
+2 Reply
pippilotta
2 years ago
Thanks - > I'm in too. Good luck / buona fortuna!
+1 Reply
TahirAli pippilotta
2 years ago
Muchas gracias Amigo.
+1 Reply
LucyW
2 years ago
Thanks, I'm in, good luck to all!!! ~O(∩_∩)O~
Reply
iznogood
2 years ago
...active!
+1 Reply
iznogood iznogood
2 years ago
If price close below 200MA with major pinbar (and DT in place) then i will try another short with the same TP and SL above the pin bar.
All GBP pairs "looking" for relief.
Technician, thanks for your valuable lessons!
Reply
TahirAli
2 years ago
Finally filled.
Reply
sudersanrao
2 years ago
Filled. Good Luck to Every One.
+1 Reply
LucyW
2 years ago
Filled...
+1 Reply
Tijmen_K
2 years ago
Nice trade! Thanks tech
+1 Reply
johninthai Tijmen_K
2 years ago
just got in, right at said price.
+1 Reply
johninthai johninthai
2 years ago
strongly going against said trade, will take it off.
Reply
Tijmen_K
2 years ago
Triggerrr
Reply
Predaton
2 years ago
2nd target unlikely to get hit with higher TF on daily, its moving up with HH, thus HL. Gluck
Reply
fancypraba
2 years ago
hi tech... its going opposite.. what to do now? SL ? or shall wait?
Reply
Prome PRO fancypraba
2 years ago
just wait... tech gave us S.L... that's it :)
+3 Reply
stragaw
2 years ago
sl
Reply
Dinkan
2 years ago
SL hit! :D
Reply
pippilotta
2 years ago
SL hit :-(
Reply
Gigu
2 years ago
disapointing :(
Reply
cipri.blaga
2 years ago
SL hit, waiting next trade :D
Reply
Tijmen_K
2 years ago
Sl hit No problem for me. Like technician metioned losing is part of trading.. you choose to follow this trade. I appriciate your work technician next time more luck! Thanks
+6 Reply
Prome PRO
2 years ago
There are still 89 trades to come... so be patient and don't worry :D
+5 Reply
I assume these are purely technical trades without taking any market fundamentals/sentiment into account?