CHF: Swissy is looking really nice for an upside
Looking gooood. The frank is in line with the DXY so its a good confluence. Really nice reaction from the weekly gap, now I want to see a bullish gap out of that. With that in mind the 4h is looking good for buys soon. I would like to see a small retracement into the most recent gap, overlapping with a high. My alert is on that level for now.
Basically we want to catch the momentum candle out of a higher timeframe gap.
I did not put an invalidation line on the chart because we could sweep the most recent low and still continue higher. But it is really really low probability, just wanted to talk about it a bit. BUT if we CLOSE below the previous week low, that is an invalidation.
OK be safe byyyyyy
Basically we want to catch the momentum candle out of a higher timeframe gap.
I did not put an invalidation line on the chart because we could sweep the most recent low and still continue higher. But it is really really low probability, just wanted to talk about it a bit. BUT if we CLOSE below the previous week low, that is an invalidation.
OK be safe byyyyyy
Trade active:
The setup you should look for when price has a clear target like this.
-opposing liquidity sweep
-displacement out of that
-opposing liquidity sweep
-displacement out of that
Trade closed: target reached:
yummy
target reached
target reached
Trade closed: target reached:
The monthly target has been reached too. The weekly chart's price action was too clean. High probability conditions I should say.