MrBollinger
Short

Short Trade off a Daily level

FX:USDCHF   U.S. Dollar / Swiss Franc
This setup really caught my eye. I really like the move away from the area. One of the key attributes of an area that I look for is the move away. The move away is extremely strong as well as clean indicating that there is lots of imbalance. One thing to keep in mind is that price my very well trade from the .97091 area where the wicks are protruding my entry line. I move my entry up to the real body of the candle to cut back on the risk of this setup. If your pockets are a little deeper than mine and you can handle a bit more risk, feel free to move the entry to include the wicks. Although that will increase your risk slightly, the odds of you getting filled on this setup is increased.
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