USDCHF - Short ID level is ready!

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🙋‍♂️ Hello FX Community!

Check out my Intraday analysis for USDCHF and my entry levels.

More information about my trading style:
I am not a pattern trader. My strategy and edge are based on volume zones where I see Big players were trading. When the market comes there, I want to enter a trade. Every day I identify key levels and key zones, then I just wait for the price to come.

📲 In the chart, you can see the Long / Short levels into which I set a limit order and then when filled I manage those positions with the information provided by volume . If the market starts to create volume on the wrong side of the level, I try to end the position at the breakeven point or stoploss. My profit target is determined by chosen RRR or by key levels and S/R zones. If the market runs through them, they can be traded from the other side as well. Supports become resistances and vice versa.

❗️ First of all, when I have the level identified, I set a stoploss.

Stoploss is determined by several criteria. It must not be foo far and it must not be in an area that serves as a magnet, such as POC , Key Levels or a stoploss zone where the market runs out of liquidity.

Summary:
Stoploss is determined by:
✅ Pivot high/low
✅ Logical VolumeProfile zone
✅ Low-Volume Node and High-Volume node
✅ Outside key levels

🎉 Trade management rules:

✅ When I see two whole 5-minute candles on the wrong side of the level (for short level “above”, for long level “below”) I move my Take Profit to Breakeven point (entry level) and exit the position if possible, at the entry point if not, at stoploss.
✅ When 80% of the Profit target is reached, I move my stoploss to the BE point.

Hope it helps,
See you next time!
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