Technical12

USD/CHF | 06 August 2016 |

Short
FX:USDCHF   U.S. Dollar / Swiss Franc
65 views
3
- Clear preceding trend to the upside
- Bounced from 0.96620 a area of support
- Strong market roll over from 0.99474 Area
- Rules engagement indecision / Doji forming on a area of support or resistance in this case resistance
- Strong wick / price rejection also known as ''LWP'' Long wick pattern
- Entry around 0.97 once the low is broken looking to continue to the downside
- Stop Loss at the high of the indecision candlestick

Side Note: The reason i trade indecision candlesticks and only enter at the low is because i believe these candlestick to be evidence, of transitions of power from one sway to the next so entering at the low shows strength of the opposing side to make these lows we know it's in a buyers nature to make HH and sellers to make LL's