STOP/ENTRY/TP - USDCHF - SHORT
Waiting for the retrace back to the 50ema on hopefully the 4 hour and 1 hour to get short on this pair.
Consolidating weekly chart but it does seem to be having price at open close prices contains price below the level.
Dropping to the daily chart we see the reason for the consolidation on the weekly that being the double top on the daily with a confirmation candle to lower prices.
4 hour chart i would love to see the 50 EMA be struck and look for an entry at this point.
1 hour chart, again, i hit of the 50 EMA coinciding with the 4 hour 50 for an entry and move lower. This would also give us a downwards skewed H/S pattern the best kind to go short with..
Momentum in play
Great Risk Reward
Consolidating weekly chart but it does seem to be having price at open close prices contains price below the level.
Dropping to the daily chart we see the reason for the consolidation on the weekly that being the double top on the daily with a confirmation candle to lower prices.
4 hour chart i would love to see the 50 EMA be struck and look for an entry at this point.
1 hour chart, again, i hit of the 50 EMA coinciding with the 4 hour 50 for an entry and move lower. This would also give us a downwards skewed H/S pattern the best kind to go short with..
Momentum in play
Great Risk Reward
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No entry - no loss no gain
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