EURCHF-Short. Butterfly pattern on 1 Hour. EUR weaker than CHF(mid-term bias).
Short trade on 1 Hour timeframe for EURCHF. Butterfly pattern formed perfectly on 1 hour timeframe. Zig zag peak point is reached and forming another bearish line. RSI reached overbough level and crossed LSMA going down. Trade details: Entry at: 1.08050 to 1.08045. I am waiting the break of the yellow rectangle area and/or at orange trend line . TP: TBD. Maybe 1.07830 SL: TBD. Maybe 1.08320 Trade will be at the break up of the yellow rectangle area and/or at orange trend line .. At the moment price still in the indecision.
USDCHF Naked 4H Engulfer
USDCHF 4H engulfing candle bouncing off the daily support level of 0.9190
trade what you see not what you think .... just risk accordingly!
well well well... 5 min BCR of upper limit as listed 20 minutes ago! (I was sort of hoping this didn't happen) 🤣 however ive got to trade what I see not what I think .. due to the trade idea I have gone down to 5 min 15 min and 1hr triple time frame confirmation sniper system all BCRS completed 0.5% risk allocation GL!
BE CAREFUL ON GBPCHF!
These levels going back in previous price have had a lot of weight on the intra day time frames---- 15 min / 1hr unless I see a BCR of the upper limit I will not be taking the GBPCHF gap close idea! just something to be wary of! GL
EURCHF-Short. Butterfly pattern on 1 Hour. EUR weaker than CHF(mid-term bias).
USDCHF Naked 4H Engulfer
trade what you see not what you think .... just risk accordingly!
BE CAREFUL ON GBPCHF!
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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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