As we always start looking at the major bias which is bearish in this case.
we go and look for potential POI's (points of interest)
on the USDCHF we found one which looks good enough for some shorts.
adding the confluence of the 2 equal low area's which the price seems to take out in a bit.
let's see how this one plays out.
when the price hits the first liquidity area i will place my stoploss to 1%
so that it can flow risk free.
what if it hits my SL?
well then we lose 1% and there is another area waiting for a nice short setup.
--
Trading and investing carry a HIGH LEVEL OF RISK, you could lose some or all of your investment. Trading currencies or any other financial instrument may not be suitable for all investors. Before deciding to trade, you should carefully consider your investment objectives, level of experience, and risk appetite.
I accept no liability for any losses or damages you may incur—this means that you alone are responsible for your actions in any trading or investing activities.
Although I aim to keep the information on my account current, I can not guarantee complete accuracy. I suggest that you use what you read as a starting point for doing your own independent research.
we go and look for potential POI's (points of interest)
on the USDCHF we found one which looks good enough for some shorts.
adding the confluence of the 2 equal low area's which the price seems to take out in a bit.
let's see how this one plays out.
when the price hits the first liquidity area i will place my stoploss to 1%
so that it can flow risk free.
what if it hits my SL?
well then we lose 1% and there is another area waiting for a nice short setup.
--
Trading and investing carry a HIGH LEVEL OF RISK, you could lose some or all of your investment. Trading currencies or any other financial instrument may not be suitable for all investors. Before deciding to trade, you should carefully consider your investment objectives, level of experience, and risk appetite.
I accept no liability for any losses or damages you may incur—this means that you alone are responsible for your actions in any trading or investing activities.
Although I aim to keep the information on my account current, I can not guarantee complete accuracy. I suggest that you use what you read as a starting point for doing your own independent research.
Trade active:
SL to 1% now awaiting the take out of the liduidity and a little pullback.
after the next BOS on the 15 min tf.