gbpchf trade idea

FX:GBPCHF   British Pound / Swiss Franc
112 6 10
Hello here we have potential short setup on this pair, expecting a wave down , also the market condition is overbought on the daily as well
Comment: forgot to show the divergence earlier
Agree with this but your stop loss is way to high mate !! here's my view

AkashGaur Wave-Expert
Keep it tight enough and youll be out of the trade in no time
AkashGaur Wave-Expert
The idea of a bigger stop loss is not to have that big of a loss but try to make the trade from a losing trade to a breakeven trade. WaveTrader stresses on keeping a bigger sl for the same reason
+1 Reply
Wave-Expert AkashGaur
let's take above chart as an example if price breaks the major trend line beautifully ( invalidate idea one) don't it change the entire structure ?
AkashGaur Wave-Expert
You still didnt get my idea. Its not about just invalidating the idea. Its about trying to turn a losing trade into a break even trade.
Wave-Expert AkashGaur
got it mate ..
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out