piphunters
Short

USDCHF: Sell breakout

FX:USDCHF   U.S. Dollar/Swiss Franc
417 7 24
The pair has bounced off the upper side of the larger degree channel it is currently in giving us an opportunity to go short after a good confirmation.

IMPORTANT: The setups posted here are not trade calls or signals and are intended for informative purpose only and you should use your own strategy to determine entries and exits. They reflect my general view of the market and does not mean you should take the trades without a proper trading plan or strategy, If you would like to get all my setups together with exact entries and exits with please visit http://www.thepiphunter.com and subscribe.
hello.thanks for the idea. i have one question: what makes you draw these upper channel line right across all rates? not behinning at the highest high rate and crossing through the next lower highs green cancle and red candle.
using the real highs give a result that the channel border was not hit yet...
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norzensen norzensen
https://www.tradingview.com/chart/n0I7wA7v/
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piphunters norzensen
it's for visual purpose and doesn't matter, price don't have to exactly cross above or below a line we draw, what matters is that it broke down out of the previous corrective structure and that should give us new directions
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norzensen piphunters
ok. good luck then.
Reply
piphunters norzensen
thanks
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Amazing Stuff mate you posted really on time.
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piphunters Wave-Trader
thanks!
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