A falling wedge breakout or retest occurs when the price of an asset breaks out of a descending wedge pattern, or retests the bottom of the wedge after it has already broken out. This type of pattern indicates that the bearish trend is weakening and that a reversal may be imminent. In this case, a long position in USDCHF would be taken to capitalize on the...
Sell Entry On USDCHF.
As A Trader I Completely Believe On Sentence " TRADING IS SO SIMPLE (If We Stay Consistent & Discipline With Our Strategy) BUT NOT EASY (If We Start Breaking Are Trading Strategy Rule.)"
"Below All Conditions Are Meet To Take Short Entry On USDCHF"
(1) Entry Price - 0.92297
(2) Stop Loss - 0.92947
(3) Take...
Hello Traders!
1. We see 3 consecutive highs after proper consolidations . I have some self-made rules for this setup which have worked with almost 90 percent accuracy.
2. We also have a 2-bar reversal pattern in 1 hour tf.
3. Sell below the red line . The stop may be updated if the market makes a new high before our entry.
4. We also have 2 potential...
Trading Ideas-
Short positions below 0.9472 with targets at 0.9034 & 0.8936
Alternative scenario
If price sustain above 0.9472 look for 0.9595 & 0.9736 as targets.
Supports and resistances
0.9595 & 0.9736
0.9034 & 0.8936
i dont usually trade retail on forex but sometimes the setups are too clear to ignore, this is one of those times.
market structure shift on usdchf with a clean trendline breakout, will be looking to go long on usdchf at the two POIs with a tight SL.
this setup has a great RR as well even after keeping the TP very conservative.
Let's see how it plays out once...
This is just for the educational purpose. I am not suggesting buy and sell on this. From the Yesterday trade EURAUD breakout from resistance and moved 100 pips upside.
DISCLAIMER: The Company accepts no accountability or obligation for your trading and speculation results, and you consent to hold the Company innocuous for any such outcomes or misfortunes. We are not financial advisers or account managers; We are Forex traders. The recordings on this channel are rigorously for educational and amusement purposes. Trading Forex...
DISCLAIMER: The Company accepts no accountability or obligation for your trading and speculation results, and you consent to hold the Company innocuous for any such outcomes or misfortunes. We are not financial advisers or account managers; We are Forex traders. The recordings on this channel are rigorously for educational and amusement purposes. Trading Forex...
DISCLAIMER: The Company accepts no accountability or obligation for your trading and speculation results, and you consent to hold the Company innocuous for any such outcomes or misfortunes. We are not financial advisers or account managers; We are Forex traders. The recordings on this channel are rigorously for educational and amusement purposes. Trading Forex...
DISCLAIMER: The Company accepts no accountability or obligation for your trading and speculation results, and you consent to hold the Company innocuous for any such outcomes or misfortunes. We are not financial advisers or account managers; We are Forex traders. The recordings on this channel are rigorously for educational and amusement purposes. Trading Forex...
