Entry: .98455 Area where possible first leg of double top reversal pattern happen, entry @ second leg
TP: .99268
SL: 98425
Over all market is ranging, Pair is on a slight down trend on daily chart, however 4 hour chart descending structure, price potentially forming double bottom reversal pattern at 4 hour support trend line.
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I have 2 scenarios:
1. Open Sell if Daily candle close under 0.99529
2. Open Buy if Daily close above key level 0,99529 and EURO will close under key level.
1. Trend line broken to the down side
2. Using the breakout candle as reason for entering short at market price
3. Stop loss just above the breakout candle
4. Take profit placed at the beginning of the small up trend
USDCHF sell top down analysis video describing everything in depth on what I see
**Make sure to learn from everything the market is telling you and always stay a student but chase to become the master**
Traders should always learn new things.
It widens the horizon and sharpens the Traders mind.
Watch this Video and think about it...
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P!
cluster of pivots and significant levels, when the next weeks pivots are viewable at the startof the week ill post targets and in vid i mixed it up, the .618 is the agressive entry and the .782 is the conservative entry, because this is happening at the beginnnign of the week it miht consolidate around this level so wait for confimation of reversal via candlestick...
if the price does not fall of 23.6% of fibo is a bearish weakness, new price maxima will come.
Wait for macd stoch and overlay trend, buy signal.
USDCHF 15 min.
