SimonVerlinde

GBPCHF LONG/ SHORT

Short
OANDA:GBPCHF   British Pound / Swiss Franc
W/
- Bearish candle close
- Bearish MS

*We rejected for the previous LH

D/
- Bearish
- Bearish impulse
- Natural W + H&S with clear S&D zone
- Rejection of the IC candle

*Possible long trade for quick in and out
*Bullish candle close + FO + Buying zone

4H/
- Bearish driver
- Looking for a short trade at daily shoulder region
- Clear 4H S&D zone in daily zone
- Possible -27 FC

*Short term long trade
*Inv H&S + Bullish M with confirmed B.O.S.
*3 leg -27 FC to entry zone
*Clear buying zone + Great R/R for this trade
Order cancelled
Comment:
Review: BE trade

- First entry was with Fib c on shoulder region was BE
- Second entry COULD be a deceleration re-entry

*Deceleration entry should be taken due to Bearish candle close on daily with rejection of the IC BUT we received corrective PA and deceleration so this candle close and IC doesn't have the power against us

*New BE rule with flag formations: If we break the flag then we go to BE

4,38% netto trade, 60/40 rule due to weekly and daily against us


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