USDCHF ANALYSIS - LONG
It seems we are completing a Wave (c) in the Minuette period ?
I've booked 1x Position to be activated on reaching the 0.382 Fibonacci region (rectangle/box) shown on the chart, to trade all the way up (LONG) to the top of the channel.
I believe that this trade has a good risk to reward ratio.
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(Note that if the price point does not reach the boxed/fibo area, the trade will not be activated.)
I don't provide a signaling service or suggest you trade these trades with me, I'm just sharing my ideas and hope that people may benefit from these ideas in some way. I've added a checklist to the top of the chart as this is my way of keeping with my trading plan. Please remember the golden rule. 'When in doubt - stay out'.
It seems we are completing a Wave (c) in the Minuette period ?
I've booked 1x Position to be activated on reaching the 0.382 Fibonacci region (rectangle/box) shown on the chart, to trade all the way up (LONG) to the top of the channel.
I believe that this trade has a good risk to reward ratio.
------------------------------------------------------------------------------------------------------------------------------------------------------------
(Note that if the price point does not reach the boxed/fibo area, the trade will not be activated.)
I don't provide a signaling service or suggest you trade these trades with me, I'm just sharing my ideas and hope that people may benefit from these ideas in some way. I've added a checklist to the top of the chart as this is my way of keeping with my trading plan. Please remember the golden rule. 'When in doubt - stay out'.