How to Trade with Lo
T.S.E.P checklist for
USDCHF
1) Trend:
-----Daily -> UP and just left the Daily Support with a bear pressure
-----4 Hourly -> DOWN with close below previous low (4 hour chart)
2) Structure: Red Zone
3) Entry Reasons:
-----a- Rally
-----b- Double Top on lower time frame (15min or 60min) or Exhaustion or Engulfing candles.
-----c- London Breakout session with RSI divergence on lower time frame.
4) Patience: If the price reaches the Red zone I will look for opportunity to go short.
T.S.E.P checklist for
USDCHF
1) Trend:
-----Daily -> UP and just left the Daily Support with a bear pressure
-----4 Hourly -> DOWN with close below previous low (4 hour chart)
2) Structure: Red Zone
3) Entry Reasons:
-----a- Rally
-----b- Double Top on lower time frame (15min or 60min) or Exhaustion or Engulfing candles.
-----c- London Breakout session with RSI divergence on lower time frame.
4) Patience: If the price reaches the Red zone I will look for opportunity to go short.
Trade active:
i did not catch the top of the trade but based on ema the trade is active
Trade closed: stop reached:
usd news
I will be looking at a double top on 15min or 60min with RSI bearish divergence.