There is resistance confluence on this chart. as you can see price arrived to strong daily resistance level and I waited to create the H1 resistance zone nested on daily zone, after the reversal candle stick pattern, It gave the propriate short entry setup.
1.measure trend is up
2.during formation of range it breaks previous support or resistance and trap the breakout traders
3.from history data analysis we are ready to buy at support brakage
PAIR: USD/CHF
Wave: ZIG-ZAG COrrection
Invest $100-$1000
Reward $1000-$10,000
Profit Sharing: 50%
Wave A having a five impulse wave ,
B wave mostly max travell upto 61.8(A)
C wave is the tradable/execution wave . It may 123.6% to 161.8% or more of Wave A
Just wait and watch like a snipper for entry near the "B" wave going to finish.
as usually after analysing history data it sugest that
it first gives v-shape pattern
then retraces to nearly 50%
the consolidates and goes up
so here is in charts what i see
Trade Idea:
📍 Entry: 🎯 Target: ⛔ Stop Loss: (MARKED IN CHART)
💡 RISK REWARD 1 : 3
💰 Risk 1% of your trading capital.
⚠️ Markets can be unpredictable; research before trading.Disclaimer: This trade idea is based on Elliott Wave analysis and is for informational purposes only. Trading involves risks; seek professional advice before making any financial...
FX:USDCHF
As you can see that, USDCHF has created a Flag & pole pattern or a good Horizontal resistance, If it gives breakout we can plan for buy side. Always take retest entries. Plan your trade accordingly.....
Trade Idea:
📍 Entry: 🎯 Target: ⛔ Stop Loss: (MARKED IN CHART)
💡 RISK REWARD 1 : 3
💰 Risk 1% of your trading capital.
⚠️ Markets can be unpredictable; research before trading.Disclaimer: This trade idea is based on Elliott Wave analysis and is for informational purposes only. Trading involves risks; seek professional advice before making any financial...
Trade Idea:
📍 Entry: 🎯 Target: ⛔ Stop Loss: (MARKED IN CHART)
💡 RISK REWARD 1 : 3
💰 Risk 1% of your trading capital.
⚠️ Markets can be unpredictable; research before trading.Disclaimer: This trade idea is based on Elliott Wave analysis and is for informational purposes only. Trading involves risks; seek professional advice before making any financial...
A resistance level is the point on a price chart at which an upward price trajectory is impeded by an overwhelming inclination to sell the asset. If a market price is nearing a resistance level, a trader may opt to close their position and take the profit, rather than risk the price falling back.
