USDCHF 1H tf trading idea (education purpose)
Price is moving in range Thu - Mon
1) price trap by pinbar
2) price accumulate for 15 bar (1H)
3) price's body closed above during 29Thu June on monday 3Jul indicate its intention to reversal
Entry reason : Breakout of engulfing bar that occur at the support level
Strategies : Banktrap / engulfing
Confluence : bridge
Stop Loss : Below support level
Profit Target : Current Resistance level
Risk 100$
Reward 200$
RR : 2 ratio
Date: Mon 3 Jul 13:10
ENtry Timeframe 1h : ranging
HTF : Daily : ranging
Price of USD/CHF often move strongly during 13:00 in thailand
1) price trap by pinbar
2) price accumulate for 15 bar (1H)
3) price's body closed above during 29Thu June on monday 3Jul indicate its intention to reversal
Entry reason : Breakout of engulfing bar that occur at the support level
Strategies : Banktrap / engulfing
Confluence : bridge
Stop Loss : Below support level
Profit Target : Current Resistance level
Risk 100$
Reward 200$
RR : 2 ratio
Date: Mon 3 Jul 13:10
ENtry Timeframe 1h : ranging
HTF : Daily : ranging
Price of USD/CHF often move strongly during 13:00 in thailand