"Unlocking Profit Potential: USDCHF Short Trade Setup -

Dear Tradingview family,

Symbol: #USDCHF

Strategy: #Trendline #Support_Resistance #RSI #Fibonacci_Retracement #Swing_Highs #Swing_Lows #Dow_Theory #Chart_Pattern. ~Bollinger_Band

Trade Call Type: #SHORT.
Order Type: Sell Limit

Entry Price 1: 0.86916
Entry Price 2: 0.86964
Take Profit: 0.86849
Stop Loss: 0.87001
RRR 1:3.1
Risk/Trade: Moderate

Entry Rule: We will initiate a short position if the price gets rejected from the resistance level.

Anchor Time: 1 Hour
Trading Time Frame: 15 Mins.

Indicators: #Price_Action #Chart_patterns #Swing_Highs #RSI

Methodology:
As a professional and experienced forex, crypto, and stocks trader, I will be following a rigorous methodology that involves in-depth analysis of the price action and key levels, along with a combination of indicators and chart patterns. My focus will be on identifying potential trendlines and support & resistance levels where the price action is likely to reverse, and I will utilize our indicators to validate the accuracy of our analysis. Based on my comprehensive analysis, I will then determine the most optimal entry and exit points for this trade, while also setting an appropriate stop loss level to effectively manage risk.

Conclusion:
Based on our analysis, there appears to be a favorable trading opportunity for a SHORT trade.

Conservative Traders risk 0.5% to 1.5%, moderate traders risk 1.6% to 3.5%, and aggressive traders risk 3.6% to 5% of their account per trade. I recommend using a Position Size Calculator to calculate your risk per trade. Overall, I believe this setup has a good chance of success based on the technical analysis, but as always, it's crucial to monitor the price action closely and be prepared to adjust the trade if necessary based on new information.

#ForexTrading #ShortTrade #TechnicalAnalysis #RiskManagement #TradingOpportunity #PriceActionAnalysis #TradeSetup #FinancialMarkets #ForexSignals #TradeIdeas