USDCHF SETUPS

I will be taking a buy trade here with 17.1 pips stoploss

Trade triggered.

But what did you see that made you take the buy, there must be an objective entry trigger for every trade for it to make sense to others. What candlestick pattern warranted your entry?

I saw an engulfing candle stick on the 2hrs timeframe after price reacted from a 4hr keylevel. On the lower timeframe I.e 30mins and 1hr, I saw a breakout to the upside as an additional confluence.

Ps we should be able to see it too, so we can learn. if you didnt mention it now how would we have known

My apologies, i will always do that. Thank you

This trade ended in loss. Stoploss hit.

You used the H1 chart to show us the anaysis and entry then you used a H4 chart to show the loss. I suggest you also show the loss on a H1 chart so beginners can be carried along. The market actually looked bullish at the point of your entry.

I don't trade the 5min timeframe. My lowest timeframe for executing my trade is the 30min timeframes. It gives me more confidence than the remaining lower timeframes.

MY EXPECTATION FOR THIS WEEK.

WE HAD A BREAKOUT TO THE UPSIDE ON THE WEEKLY WHICH SHOWS TO US TO BE ON THE LOOKOUT FOR BUYS.

ON THE DAILY TIMEFRAME, WE HAD A BREAKOUT TO THE UPSIDE TO CONFIRM OUR BULLISH BIAS ON THE WEEKLY TIMEFRAME. CURRENTLY PRICE HAS SWEPT THE LIQUIDITY CANDLE ON DAILY AND REACTING AT THE DAILY BREAKOUT KEYLEVEL.

I AM WAITING FOR THE CURRENT 4HR CANDLE TO REJECT AND CLOSE BEFORE TAKING MY BUYS.

HERE ON THE 4HRS TIMEFRAME, WE HAD A BREAKOUT TO THE DOWNSIDE WHICH SIGNALS A SELL. I AM WAITING FOR THE ASIAN SESSION LIQUIDITY TO BE SWEPT.

SELL PROJECTION.