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TerryHarmonicTrading
26 Th11 2017 07:04

USDCHF - Watch for short at top of H4 channel Giá xuống

USD/CHFOANDA

Mô tả

USDCHF is weak.

Distribution has been ongoing for the past 2 weeks.

However, early next week is not a great time to chase the shorts.

A good way to get into this trade is to wait for a pullback into the upper boundaries of this H4 channel before going short.

That will improve your R:R and psychology tremendously.

Will keep you guys post if it gets close to my desired entry around 0.99.

A successful short entry could lead us towards the significant support zone around 0.9450.
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abdulHaseeb
would it be a wise idea to take a long trade here till the price reaches upper trend line?
TerryHarmonicTrading
@abdulHaseeb, I will personally not as the h4 trend is clearly on the downside. I follow the slope of the channel.
abdulHaseeb
@TerryHarmonicTrading, yeah, you are right
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