ATM USDCHF is in a valid downtrend according to my point of view.
This defined by lower highs and lower lows as to the 1,2,3 pattern in the cahrt.
I'm looking forward the USDCHF to finish consolidation in the area of the FIB-Level 0.382 (apporx. 0.91531)
This area is also a former Support level which as been broken and will be retested.
I await that PA will cross or close above the EMA34. As soon as PA turns south again and closes below EMA13 i will place a SHORT with 1/3 of the usual oder size according MM.
89669
The remaining 2/3 will be added as PA crosses through the FIB Level 0 (0.8669)
SL will be placed just above the swinghigh which would be the newly forming point 3.
TP rules: 2/3 are closed after reaching double amount of SL
1/3 will have a Trailing Stop
This defined by lower highs and lower lows as to the 1,2,3 pattern in the cahrt.
I'm looking forward the USDCHF to finish consolidation in the area of the FIB-Level 0.382 (apporx. 0.91531)
This area is also a former Support level which as been broken and will be retested.
I await that PA will cross or close above the EMA34. As soon as PA turns south again and closes below EMA13 i will place a SHORT with 1/3 of the usual oder size according MM.
89669
The remaining 2/3 will be added as PA crosses through the FIB Level 0 (0.8669)
SL will be placed just above the swinghigh which would be the newly forming point 3.
TP rules: 2/3 are closed after reaching double amount of SL
1/3 will have a Trailing Stop