KVE
Short

USD/CHF: 2 possible short options!

FX:USDCHF   U.S. Dollar/Swiss Franc
141 2 5
There's alot going on here so I'm considering two possible short setups (already short this pair).

2 Scenario's:
1. Breakout of the possible bearish flag (in blue) down to the lower trendline
2. Short on completion of the possible bearish bat around that higher timeframe "down" trendline .

I'm already short with a small remaining position from another setup on this pair (see link below), scenario 1 would be nicely in line with that one and would mean I would be adding shorts, scenario 2 would mean my SL on the current open position would be hit at BE, but I could then possibly enter short again or shift my SL higher based on the bat completion scenario...

No possible trades on chart from this idea yet, I'm waiting for confirmation on scenario 1 before making up my gameplan!

Alerts on all trendlines so I don't miss a possible breakout...
We broke the down trendline because of less than expected NFP data... No way of knowing this, no trades entered, it's now wait and see where PA takes us...
Reply
Nice spot! missed this one.
Reply
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out