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kinghenry777
Aug 10, 2016 12:19 AM

USDCHF Short

U.S. Dollar/Swiss FrancFXCM

Description

UDCHF Breaking corrective structure looking like its going to make another impulse wave down. Also hitting .618 retracement from recent high to low. Also Ichimoku TK cross over on the 1hr plus 50 regression and 50 EMA moving averages fanned. Also daily stochastic in sync with 4hr MacD and divergence looking good! Plus already had a multi session double top should trend down rest of the week. We will see first post hope it works out! LOL

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high time frame to get a better visual...also note that it was in weekly supply and hitting a daily trend line

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4HR time frame

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SCORED PERFECT 9 AND 3 - PIVOT POINT

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WAS AGAINST WEEKLY STRUCTURE BUT SVCORED ONM THE DAILY SO TAKEN THESE TRADES FOR A NICE DOWNSIDE TO EXTENSION .272 IS GOOD

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RISK TO REWARD 1 TO 5

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HIT .272 FIBBERNOCI OF .886 RETRACEMFMNT

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WEEKLY STRUCTURE

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IN DIERCTION OF LEVEL COUNT L2 DOWN

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