Jonee711

usd chf potential 4H 8 EMA gap trade LONG and Potential D1 SHORT

Short
OANDA:USDCHF   U.S. Dollar / Swiss Franc
2 potential trades forming. in 4H timeframe, there is a gap between price and 8 EMA (yellow line). This hints of a pullback happening soon. When the price shows contraction, I will wit for a break and close above 1H 8 EMA, then a break close retest of the 50 EMA in 15 minute TF. I can LONG 15m to close the gap between price and 4H 8 EMA gap. After this gap is closed, I will then proceed with my 2nd trade idea. I will refer to the Daily timeframe. The BCR of the 50 EMA to the downside is complete. I am waiting for one more bearish continuation candle to the downside. When this happens, I will take a SHORT towards the next SD zone below.
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