lakishnarayan

USDCHF - Looking for Reversal in the Following Week

Short
OANDA:USDCHF   U.S. Dollar / Swiss Franc
USDCHF
SELL LIMIT @ 0.92917
Stop Loss: 0.92998 (Add Spread)
TP 1 (1R): 0.92837 (20%, SL → BE, Scalp TP )
TP 2 (3R): 0.92677 (30%)
TP 3 (5R): 0.92516 (30%)
TP 4 (10R): 0.2115 (20%)

Explanation: Looking for price to test this resistance area in the late into this week or at the start of the 26th week. The rejection from the level might suggest we will get some impulsive price action from the level. Will enter after seeing confirmation in the form of BOS or a Wyckoff schematic of some sort.