
GBPCHF 1D8EMA GAP CLOSE OPPORTUNITY
A decent 1D8ema extension gap is to be seen. I was waiting for the 15m200BCR, which has already ocurred, so the remaining criteria to be met are: - 2-candle bearish continuation on the 15m (the gap is not big enough to wait for a 3-candle cont., if we wait for 3 candles the RRR will be negative), in that note - mind that this is a riskier entry - 15m sniper criteria to get on side (they will most likely be on side if/when the 2-candle continutaion is achieved) - 1h sniper criteria to be on side (they will most likely be on side if/when the 2-candle continutaion is achieved) NOTE: Normally, we have to wait for the 4h B+C beneath the 8ema, but in this case if we get a decent enough continuation down on the 15m, the trading idea TP may be achieved by the time we get the 4h Close beneath the 8. Keep in mind that I am a relatively new trader, so please do conduct your own form of analysis and #DONTFOLLOWBLINDLY Please feel free to share your opinions on this trading idea Risk accordingly and trade safe!
GBPCHF 1D8EMA GAP CLOSE OPPORTUNITY
buy buy buy
sell selll sell
sell major downtrend
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Andrew Lockwood
X30+ years experienceStarted in the trading pits of London with some of the biggest traders in the world. Migrated to screen trading around 2005 now trades full time focusing on FX, Indices, commodities.
Max Norbury
X10+ years experienceMax is a diligent and pro-active individual with a wealth of experience in technical and fundamental analysis, high-probability trading and mentoring within the financial markets. He has also has a variety of non-accredited analytical certifications.
Mark Bennell
X15+ years experienceCertified Financial Technician (CFTe), Diploma of Technical Analysis, Diploma of Share Trading and Investment. 14+ yrs trading experience. Focus on the process and the money will follow.
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