Price Trap for USDCHF at 50.0% Fibonacci Level

FX:USDCHF   U.S. Dollar / Swiss Franc
15 0 2
On this chart we have USDCHF             . By pulling out our FIBONACCI EXTENSION tool we can measure our PRICE TRAP zone to create ourselves some LOW RISK entry points in the market to REDUCE our loses.
The points to measure are from the LOW (0.92555) to the HIGH (1.03226) back to the most recent LOW (0.94450) and you will be able to notice that our PRICE TRAP zone fits nicely on the 50.0% FIB LEVEL.

Looking at this chart I believe PRICE will INCREASE into are zone then from then on carry on its DOWNTREND.
Once PRICE is in our zone I would place a SELL STOP order at the bottom of the RED BOX and TAKE PROFIT at the bottom of the GREY BOX, but also in case of any sudden market movements I would place a BUY STOP just so you can Profit from these unexpected SPIKES.

Always be aware of your RISK MANAGEMENT.
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