H4 we got messy internal C down bouncing off the 123.6fib and the D1 TL (see last USDCHF H4 C wave down. idea). Price looking corrective with bullish divergence.
H1 we have bullish divergence and impulse up breaking TL, Wait for bullish flag to confirm more upside to come before jumping into the buy, 1st targeting the high. Invalidation point for this trade is the low of the internal C wave down.
H1 Chart
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H1 we have bullish divergence and impulse up breaking TL, Wait for bullish flag to confirm more upside to come before jumping into the buy, 1st targeting the high. Invalidation point for this trade is the low of the internal C wave down.
H1 Chart
If you would like to see more trade setups like this, hit the follow button, If you like my analysis, hit the thumbs up so others get the chance to see this potential setup and you get update's.
Thank's to all the traders in advance that hit the thumbs for your support!
Comment:
Be patient, wait for confirmation of more upside to come before jumping in any buy. M5 structure forming.
Comment:
Look for the buy.
Comment:
If you got the break of either update flags you should be at breakeven.
Comment:
Every one that took the trade you should now be moving your SL into profits.
H4 we got break of the structure but on H1 it's not looking motive.
H1 price getting close to the 100fib with divergence so upside could be limited, taking off half and letting the rest run would be something to consider with the current price action. If your not in the trade, sit aside I don't see a buy or a sell setup at this stage.
H4 we got break of the structure but on H1 it's not looking motive.
H1 price getting close to the 100fib with divergence so upside could be limited, taking off half and letting the rest run would be something to consider with the current price action. If your not in the trade, sit aside I don't see a buy or a sell setup at this stage.
