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Forex Trading USDCHF BASIC HH‑LL STRATEGY 1. IDENTIFY TREND – Look for a series of HIGHER HIGHS + HIGHER LOWS (up‑trend) or LOWER LOWS + LOWER HIGHS (down‑trend). 2. ENTRY – Enter long when price breaks above the latest HIGH in an up‑trend; enter short when price breaks below the latest LOW in a down‑trend. 3. STOP LOSS – Place it just below the most recent LOW (for longs) or above the most recent HIGH (for shorts). 4. TARGET – Measure the height of the previous swing and project that distance from the entry point, or use a trailing stop to lock profits as the trend continues. ⚠️ Disclaimer: This setup is shared for educational purposes only. It is not financial advice. Always do your own analysis and apply proper risk management before trading any setup.
Short
by karimdanish30
GBP/USD –> Bearish Channel in Play, Watching for Short EntriesHello guys! The pair remains under pressure, trading inside a descending channel that has been guiding price action for several weeks. Each rally attempt has been capped by the channel’s upper boundary, confirming the overall bearish sentiment. Observations: Resistance Zone: The upper boundary of the channel near 1.3520 – 1.3560 continues to reject bullish attempts. QML Zone: Around 1.3340 – 1.3360, this level has provided support, but repeated tests are weakening it. Bearish Structure: Lower highs and lower lows inside the channel confirm sellers are still in control. 📉 Bearish Scenarios: Aggressive Entry: Short positions could be considered on rejection from the mid-level resistance inside the channel (1.3480). Conservative Entry: Alternatively, waiting for a deeper retest of the channel’s upper boundary (1.3520–1.3560) offers a safer confirmation before entering short. 🎯 Targets: Initial target: 1.3380 (QML zone) Extended target: 1.3313 (channel support and marked key level) As long as the price trades within this descending channel, the outlook stays bearish. A confirmed break below 1.3313 could open the door for further downside in the coming sessions. Disclaimer: As part of ThinkMarkets’ Influencer Program, I am sponsored to share and publish their charts in my analysis.
Short
by melikatrader94
18
Title: EUR/USD Weekly Chart – Liquidity Sweep and Reversal SetupHello guys! The EUR/USD pair has recently completed a classic liquidity hunt below the long-standing range support, marked as "hunt," followed by a sharp rally breaking out above the range highs. The price has now tapped into a major supply zone, indicated as "another hunt," suggesting a potential bull trap. Given the overextension and the historical reaction zones, a reversal back into the previous range (around 1.08–1.10) is likely. This aligns with the broader descending channel, hinting at continued bearish pressure in the long term unless a breakout above 1.16 sustains.
Short
by melikatrader94
8
USD/CAD short emerging from Rev Inv C&H with target 1.2900There are many different variations of patterns showing. And they are all leading to downside. We have small Rounding Tops, small Inverse Cup and Handles. We have a break in the most recent uptrend line.. But I am focusing more on the bigger picture. There is a solid Reverse Inv Cup and Handle forming since 10 August 2023. The price has almost completed the final Inverse Cup and is approaching the brim level. We have other indicators confirming with 21>7 - Bearish in the short term. We also have the price coming down to test and mighty 200MA. Break below, and it'll give us more confirmation of downside to come. RSI is falling below 50 like a knife, showing downside momentum. All in all, my first target will be at 1.2900 PS: This also goes in line with the overall DOllar weakness that has helped boost the stock markets world wide and the indication of a slow down in interest rate hikes. Great for stocks not great for the US dollar.
Short
by Timonrosso
AUDNZD bounces down from the Overbought ZoneOn the 15 minute chart- the AUDNZD pair is shown to have encountered overhead horizontal resistance by the Luxalgo indicator. It has been unable to get above the 2nd standard deviaion line of the anchored VWAP and deflected downward. Price is now below the POC line of the multisession volume profile. Overall, bearish bias is on the chart as confirmed by the zero lag MACD with the lines crossing down on the horizontal zero line. I will trade an additional short sell trade on this pair and review the strength of AUD as compared with EUR USD and JPY for other trade possibilities. My target here is the underlying green zone of support and demand.
Short
by AwesomeAvani
UPDATE AUD/USD Almost hit take profit now final stretch SMCAUDUSD formed a Rising Flag and broke below. We then had price declining on a decent 45 degree slope showing the supply side was strong. We had peripherals showing downside such as 21 >7 - Bearish RSI < 50 - Bearish Target 0.6500 The target is still on as now there is a small Rising Pennant forming which we can expect to break to the downside. SMC (Smart Money Concept) Where the most recent low was you can see it is one of the strong levels of liquidity (supports). This formed an order block which swept shorters stop losses before going up. I think this upside is short lived and we'lll get one more push to the downside to sweep more liquidity which will get us out of the short. However, it's not a bad idea to take some profits off the table and move stop to breakeven at this stage.
Short
by Timonrosso