Main Parameters
1. Monthly timeframe - Bearish
2. Weekly timeframe - Bearish
3. Daily timeframe - Bullish
4. Intraday timeframes - Bullish
Other Parameters
5. COT Data - GBP (Net Short [+Ve] with main parameters) CHF (Net Long [+Ve] with main Parameters).
Intraday Reason for entry: 4hr Invalidation, 4hr diminution, 1 hr Invalidation and 15min Invalidation confluence.
Based on all these parameters, we are taking a Short position risking not more than 18 Pips, targeting a 1:10+ at significant weekly level where we are targeting to take our profits.
CAUTION: This is not a financial advice, always trade with caution considering appropriate risk management.
1. Monthly timeframe - Bearish
2. Weekly timeframe - Bearish
3. Daily timeframe - Bullish
4. Intraday timeframes - Bullish
Other Parameters
5. COT Data - GBP (Net Short [+Ve] with main parameters) CHF (Net Long [+Ve] with main Parameters).
Intraday Reason for entry: 4hr Invalidation, 4hr diminution, 1 hr Invalidation and 15min Invalidation confluence.
Based on all these parameters, we are taking a Short position risking not more than 18 Pips, targeting a 1:10+ at significant weekly level where we are targeting to take our profits.
CAUTION: This is not a financial advice, always trade with caution considering appropriate risk management.
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.
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.