simquant

simquant

Currently short on USDCHF with an R:R of 2

simquant

Indecision at support. Good R:R of at least 2.

simquant

Not the ideal R:R (I would prefer atleast 2) but it's bouncing off support.

simquant

Overall daily downtrend. Currently at support. Good opportunity to go short.

simquant

It's currently ranging. Currently in an daily downtrend. Good opportunity to sell.

simquant

Price is currently at a major support zone. Pair is in an overall downtrend. It need a close below the support line to initiate a short trade.

simquant

Analysis Bullish engulfing pattern after a downtrend Oversold StochRSI Not crossed t-line SL 1.3924 TP 1.4764 R:R - 2.5

simquant

Analysis Bullish engulfing pattern after an uptrend Oversold StochRSI Not crossed t-line SL 78.90 TP 87.07 R:R - 1.87

simquant

Analysis Bearish engulfing pattern after an uptrend Overbought StochRSI Not crossed t-line SL 0.7897 TP 0.7518 R:R - 1.7

simquant

Analysis Bearish engulfing pattern after an uptrend Overbought StochRSI Not crossed t-line yet SL 1.6246 TP 1.5243 R:R - 1.43 Crossing the t-line is an added confirmation but I wouldn't keep out of a trade because of it. The R:R is too small for my liking.

simquant

Analysis Bearish engulfing pattern after an uptrend Overbought StochRSI Crossed t-line SL 1.6757 TP 1.6348 R:R - 2.2

simquant

Analysis Bearish engulfing pattern after an uptrend Resistance area at 1.1400 Overbought StochRSI SL 1.1380 TP 1.0970 R:R - 2.25

simquant

Price is now at a support zone. Candle at almost morning star. Waiting for price to close above T-line