USDCHF BEGINNING OF BEARISH TREND Target .97450

2019년 9월 28일

Knowledge & Profits
Ok Followers - We're looking a USDCHF and the bias here is bearish! And here is why...
Price fails to push higher on the weekly time frame. We're only seeing big wicks to the upside while candles continue closes next to each other. Almost seems like consolidation on the weekly time frame. Now to the daily we can see that price is engulfing it's previous bullish candle. This is our hint that we are about to see a take off.

[Reason for my stops ?
My stops are place base on the previous ATR value from price. In this case the ATR is showing me 62. My stop will then be 1.5X 62 = 93 PIPS > Price usually never hits my stop loss this is just our safety net incase of any stop hunts are unexpected price movements. For higher risk trades a stop is place above previous structure ( 50 Pips )
The target: Will be 62 pips which is the ATR value and the second trade will have no target, the second entry is usually trailed as it floats in profit.

This week I'm convince that USDCHF wants to make lower lows to roughly .97500

Last but now least - THIS is a signal based on my Algorithm that i've created from No Nonsense Forex education however i'm using the above information as it relates to price action and provides an extra edge to my bias.