USDCHF - Opening counter trend short

FX:USDCHF   U.S. Dollar / Swiss Franc
70 1 0
My previous analyses you can find on the link below. You can also check my idea on a possible EURUSD             correction through the other link.

Things haven't changed much, the divergences still persist, the probability of a correction is increasing.

We set up the short tentry on 4 Hrs             time frame:
Chikou Span lost open space, hit into Price candles. ADX down, so the bullish trend is completely out of steam, and now DMI seems to have a chance for a bearish cross. The Key Level is 0,9370. We have Kijun Sen, 100 WMA , and a very thin Kumo here. We have multiple signals here so this is our entry point for one trade unit short, with an intital stop at 0,9420.

In case price breaks the Kumo and the trendline too the possible corrective tgt             is ard             0,9200 - 0,9220.
This setup provides a 1:3 risk-reward ratio.
This trade idea was not triggered, thx for the bulls finally we did not enter short as Price did not close below the key level.
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