short red arrow..that over 100% retracement..4 hr may be at that over RSI is also over bought zone ...we want some retracement here...profit target also i describe...if market has to go further upside ...so market has to retrace then go further upside...
short red arrow but wait for the bearish candle ...pin bar or engulfing that is over strong resistance level...as we see in 4hr market is in down trend so we wait for the short...thanks
When MPP (P) functions as a resistance line, consider long entry.
First limit: WePP (P) 0.99610
Second limit: 1.00000
Third limit: 1.00400
I would be grateful if you like it idea,give me follow or agrees!
------------------------- --------------------------
Brown thick line: Yearly Pivot Points (YPP in the text)
Light blue thick line: Monthly Pivot Points...
HI GUYS WAIT FOR THE BULLISH CANDLE...PIN BAR OR ENGULFING CANDLE...ABOVE 200MA...THEN GO LONG...IF BELOW 200 MA WE GO FRO SHORT.. SO WAIT FOR CANDLE TO CLOSE...
REASONS
REJECTED THE LEVEL 1.00000
WAS IN A CHANNEL FOR A WHILE NOW ITS BROKEN
CLOSING BELOW THE NEAREST RESISTANCE ZONE
MA 21 AND 55 CURVING/CROSSING ABOVE IT
we gonna sell USDCHF pair accordingly harmonic pattern BAT PATTERN
secondly, stochastic helps us to get an another idea about selling this pair
i hope we get this accordingly because that's my first ever try!!
MPP was updated in July.
Unfortunately, however, it did not almost move about this symbol.
As the weekly chart, it is a range market so it will be both short and long compactly for a while.
Weekly chart
<< tactics >>
1) MPP (P) 0.98956 is function as a support line
long.
The first limit is under WePP (R1) 0.99799.
The second limit is under 1.0000 but it...
