Market Analysis

Yes that's why i will wait for a confirmation

Price is currently at a daily supply, i will wait and see if price will align with the sells

EURCHF BUY SETUP 📈

I’m looking at a potential long on EURCHF.

After the previous bearish move, price has started showing bullish intent on the lower timeframe and has now delivered a BOS to the upside.

My plan:

Entry: 0.93969

SL: 0.93903

TP: 0.94354

I’m looking for continuation toward the strong high above.

Tp hit finally

Your sl is damn big 🥲

How did this go?
Price is still reacting at the 53800-price level. I'll pay more attention to it next week.

Yeah. Cause of the lot size. That's how I avoid premature losses and get good profits. There are times I use tight SL; there are times I keep it wide. It all depends on the setup.

This pair has been refusing to sell this week. Been long I traded CHF pairs. I prefer JPYs to them.

I caught Sells on USDCAD this week. Should have allowed the sells to run, but I took profit.

The trend support will likely withstand the pressure. The sells for me would have been after price invalidates the trend support.

This is why I often use Trendlines in cases like this because price can be giving bearish signal, but the timing will be different from when you expect it to sell. so, without invalidation of the trendline, I won't look for entry.

CADCHF SELLS ACTIVE 📉

I'm currently short on CADCHF.

Price has pushed back into the area I was waiting for, so the sell setup is now active.

Direction: SELL

Entry area: ~0.58596

SL: ~0.58659

Main target: ~0.57881

Now that I'm positioned, execution is finished. Time to let the setup play out.

THE HIGHER TIMEFRAME PICTURE

CADCHF had a strong bullish expansion into the 0.5870–0.5880 region before momentum started weakening.

Since then, price has struggled to continue making meaningful highs.

The current retracement has brought price back into an area where I'm interested in seeing sellers regain control.

That's the foundation behind my short.

WHY I'M SELLING HERE 🎯

I'm not selling simply because CADCHF has gone up.

Price has retraced into my marked POI around 0.5860–0.5866, giving me an area where the potential reward justifies the risk.

If sellers defend this region, there's considerable liquidity available below.

That's the move I'm positioning for.

Here's the current setup:

📉 CADCHF SELL

Entry: ~0.58596

Stop Loss: ~0.58659

Target: ~0.57881

That's approximately 6.3 pips of risk for 71.5 pips of potential reward, or roughly 1:11 R:R based on the marked levels.

I don't need every trade to win when the asymmetric opportunity is this large.

The 15M chart is what makes the current area particularly interesting.

Price has retraced upward into my POI after the previous rejection from higher prices.

Rather than chasing the bearish move after it happens, I'm positioned around the area where I expect the next bearish leg to originate.

Now I need sellers to actually show up.

Every setup needs a clear invalidation point.

For this CADCHF short, sustained strength above my supply/POI around 0.5866 would challenge the immediate bearish idea.

That's why my SL exists.

No widening the stop because I "still think it'll drop."

The analysis gets me into the trade.

Risk management keeps me in the game.

THE DOWNSIDE OBJECTIVE 👀

The bigger attraction on CADCHF is what's sitting below.

I'm targeting the previous key low around 0.5788.

Price doesn't necessarily have to travel there in one clean move. There could be retracements, consolidation and plenty of noise along the way.

I'm interested in the destination, not every candle between here and there

CADCHF sells are active.

At this point, constantly staring at every candle won't improve the setup.

My entry is defined.

My invalidation is defined.

My target is defined.

The difficult part now is doing absolutely nothing unless the market gives me a reason to manage the position.

Sometimes trading is basically professional waiting.