USDCHF: Major Trend Line & Trading Plan Short

U.S. Dollar/Swiss FrancFXCM

Description

⋅ Jun 25, 2020 9:46 AM

USDCHF has reached a major falling trend line.

on 1H the price started to slow down and currently it is forming a double top formation.

0.948 is a minor structure support.
wait for its bearish breakout (1H candle close below) to short the pair.

T1 - 0.9467
T2 - 0.9455

safe stop above the tops

in case of a formation of a new higher high within the channel on 1H,
setup will be invalid.

Comments

FXCM

⋅ Jun 26, 2020 9:14 AM

nice analysis, I like it. I am also shorting

KaltoireCapital

⋅ Jun 25, 2020 11:42 AM

Great idea. Thank you for sharing

VasilyTrader

⋅ Jun 25, 2020 1:33 PM

@Project_PriceAction, you are welcome😊

Elyas2222

⋅ Jun 25, 2020 11:20 AM

And goodluck guys

Elyas2222

⋅ Jun 25, 2020 11:19 AM

The beaeish candel started and the bullish came and it heading up and i alreay enter when the bearish candel came let wait and see

VasilyTrader

⋅ Jun 25, 2020 6:23 PM

@Elyas2222, thank you for comment my friend!

johnpham8x

⋅ Jun 25, 2020 10:15 AM

BREAK TRENDLINE and GO UP

VasilyTrader

⋅ Jun 25, 2020 6:22 PM

@johnpham8x, thank you for comment!

Mursaleen

⋅ Jun 25, 2020 10:12 AM

Love the way u gave us 2 time frame analysis......Great job buddy

VasilyTrader

⋅ Jun 25, 2020 1:32 PM

@Mursaleen, thank you my friend!