USD/CHF Short with astronomical 12.3 R/R - approaching OTE
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Today we're taking a look at USD/CHF . It seems like USD/CHF is ready for a decent drop in price. As you can see on the chart, we have two different options to play this.
We're currently approaching OTE and have already rejected our green zone between 0.99887 - 1.00070 (yet). I'm targeting at least for Equilibrium ( EQ ), which is at 0.98940, along with other confluences such as a clean previous high & our 200-MA, both sitting right there.
Entry-zone: 0.9988 - 0.9998
TP1: 0.99373
TP2: 0.99222
TP3: 0.98940
TP4: 0.98560
Stop-Loss: 1. Option: Above 5th December high (slightly above the green zone) at 1.00091
2. Option: Back in consolidation-zone at 1.00426
Updating this analysis as PA develops.
Today we're taking a look at USD/CHF . It seems like USD/CHF is ready for a decent drop in price. As you can see on the chart, we have two different options to play this.
We're currently approaching OTE and have already rejected our green zone between 0.99887 - 1.00070 (yet). I'm targeting at least for Equilibrium ( EQ ), which is at 0.98940, along with other confluences such as a clean previous high & our 200-MA, both sitting right there.
Entry-zone: 0.9988 - 0.9998
TP1: 0.99373
TP2: 0.99222
TP3: 0.98940
TP4: 0.98560
Stop-Loss: 1. Option: Above 5th December high (slightly above the green zone) at 1.00091
2. Option: Back in consolidation-zone at 1.00426
Updating this analysis as PA develops.
Trade attivo
TP1 for 507 pips hit! Let's get this together.Trade attivo
TP2 for 658 pips profit hit! 0.99222 was the target, we hit 0.99220 as you can see on the chart below. I'd say nailed:)
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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.