Trade Idea (Bearish Continuation Short):
Entry: Around current levels (~0.7925–0.7940) or better on retest of the broken level (~0.7949 dashed line) as resistance.
Stop Loss (SL): Above the red supply zone → ideally 0.7990–0.8000 (just above the red box high) to account for any fakeout wick.
Take Profit (TP): Primary at lower edge of green demand → ~0.7921 / 0.7910.
Extended / full TP at deeper green area → 0.7855–0.7850 .
Partial profits recommended: 50% at 0.7895, rest at 0.7860 for better R:R.
#USDCHF #ForexTrading #ShortSetup #TechnicalAnalysis #SwissFranc
Entry: Around current levels (~0.7925–0.7940) or better on retest of the broken level (~0.7949 dashed line) as resistance.
Stop Loss (SL): Above the red supply zone → ideally 0.7990–0.8000 (just above the red box high) to account for any fakeout wick.
Take Profit (TP): Primary at lower edge of green demand → ~0.7921 / 0.7910.
Extended / full TP at deeper green area → 0.7855–0.7850 .
Partial profits recommended: 50% at 0.7895, rest at 0.7860 for better R:R.
#USDCHF #ForexTrading #ShortSetup #TechnicalAnalysis #SwissFranc
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.