Market Analysis:
Asset: CAD/CHF
Timeframe: 1-Hour
Pattern Identified: Head and Shoulders (bearish reversal pattern).
Neckline: The support level forming the base of the head and shoulders.
Trend Confirmation: Look for a bearish trend continuation after a break and retest of the neckline.
Trade Setup:
Entry Point:
Enter a sell position after the neckline breaks with confirmation (candlestick close below neckline).
Stop-Loss:
Place the stop-loss above the right shoulder or a recent swing high for safety.
Take-Profit Levels:
TP1: Measure the distance from the head to the neckline and project it downward.
TP2: Extend further to a strong support zone or round number.
Risk Management:
Position Size: Risk no more than 1-2% of your trading capital.
Risk-Reward Ratio: Aim for a minimum 1:2 R/R ratio.
Additional Confirmation:
Volume Analysis: Look for an increase in selling volume as the neckline breaks.
Indicators: Confirm bearish momentum with RSI below 50 and MACD bearish crossover.
Asset: CAD/CHF
Timeframe: 1-Hour
Pattern Identified: Head and Shoulders (bearish reversal pattern).
Neckline: The support level forming the base of the head and shoulders.
Trend Confirmation: Look for a bearish trend continuation after a break and retest of the neckline.
Trade Setup:
Entry Point:
Enter a sell position after the neckline breaks with confirmation (candlestick close below neckline).
Stop-Loss:
Place the stop-loss above the right shoulder or a recent swing high for safety.
Take-Profit Levels:
TP1: Measure the distance from the head to the neckline and project it downward.
TP2: Extend further to a strong support zone or round number.
Risk Management:
Position Size: Risk no more than 1-2% of your trading capital.
Risk-Reward Ratio: Aim for a minimum 1:2 R/R ratio.
Additional Confirmation:
Volume Analysis: Look for an increase in selling volume as the neckline breaks.
Indicators: Confirm bearish momentum with RSI below 50 and MACD bearish crossover.
Trade attivo
TP1 HitTrade chiuso: obiettivo raggiunto
Both TP hit
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.