IvanSt52 days ago

GBPCHF

SHORT

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!

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