USD/CHF extends decline near 0.8400

30 Agu

The labels that are used are ment to draft and measure context to the price action involved and contain no rules-engaged notebook + applied-set up indicators, but an avoiding interference to use other rules-engaged software to enhance in general, regarding to the watchlist and trade plan that is relevant to trade-on

Within a 100K account balance the split on trade & risk management = 1/10% - 1/20% margin as an execution range, to set up an order entry and select a per trade on average, to avoid any drawdown hit regarding to the stop loss & to execute risk on management specifics. Trail stop efforts are a focus of attention to the set up in general when volatile-price-action is involved, mainly because of the usage of an intraday-scalp-position tool on behalf on the trade plan in general

Summary
- USD/CHF extends its downside around 0.8405 in Thursday’s early European session
- Fed’s dovish stance and escalating Middle East geopolitical tensions weigh on the pair
- The Swiss ZEW Survey Expectations came in at -3.4% in August vs. 9.4% prior

Key indicators on Trade Set Up in general;
1. Push Set Up
2. Range Set Up
3. Break & Retest Set Up

Active Sessions on Relevant Range & Elemented Probabilities;
* Asian(Ranging) - London(Upwards) - NYC(Downwards)
* Weekend Crypto Session

# TREND | TIME FRAME CONDUCTIVE | Daily Time Frame
- General Trend
- Measurement On Session
* Signpost
* Support & Resistance
* Trade Area | Focus & Motion ahead

# POSITION & Risk Reward | 15 Minutes Time Frame
- Measurement On Session
* Retracement | 0.5 & 0.618
* Extension | 0.88 & 1

Conclusion | Trade Plan Execution & Risk Management on Demand;
USD/CHF: Overall Consensus | Neutral