Hi all,
Here we have the USD/CHF, tried to keep it clean, simple and conservative ..
as you can see the price is in a slight down trend, after a impulsive dip and failing to go back up to the trendline, we can take advantage of this pullback by a smaller time frame to find a entry point/signal, and hopefully gain a few pips on the way down,
price does touch a few times (left) on the TP1 so wait for a confirmation signal or a consolidation before entering there and making your way down to TP2 - as it could/may only be a small bearish move down to TP2 I think price could easily break the TP1,
** THIS IS MY OWN OPINION AND NOT FINANCIAL ADVICE - THIS IS FOR EDUCATIONAL PURPOSES AND MYSELF AND OTHERS TO SHARE KNOWLEDGE ABOUT TRADING **
Good luck to all and trade safe!
L
Here we have the USD/CHF, tried to keep it clean, simple and conservative ..
as you can see the price is in a slight down trend, after a impulsive dip and failing to go back up to the trendline, we can take advantage of this pullback by a smaller time frame to find a entry point/signal, and hopefully gain a few pips on the way down,
price does touch a few times (left) on the TP1 so wait for a confirmation signal or a consolidation before entering there and making your way down to TP2 - as it could/may only be a small bearish move down to TP2 I think price could easily break the TP1,
** THIS IS MY OWN OPINION AND NOT FINANCIAL ADVICE - THIS IS FOR EDUCATIONAL PURPOSES AND MYSELF AND OTHERS TO SHARE KNOWLEDGE ABOUT TRADING **
Good luck to all and trade safe!
L