Welcome back, traders, it’s Skeptic from Skeptic Lab! 😎 We’ve got a juicy short trigger on USD/CHF that could deliver serious profits if it fires. Stay with me till the end to nail this trade! Let’s dive into the Daily and 4-hour timeframes for the full picture. Currently at $0.79671, here’s the play:
✔️ Daily Timeframe:
We’re in a rock-solid bearish major trend. After hitting a high of $0.84649, we broke the key support at $0.80573, resuming the bearish trend. A pullback to the broken $0.80573 level is likely, as it aligns with the 0.6 Fibonacci retracement from the prior 4-hour wave. Trading with the trend is smartest, so shorts are the focus. If you want to long, go with lower risk and close positions faster.
📊 4-Hour Timeframe (Futures Triggers):
Short Trigger: Two options here. Either enter on a trendline break (no extra trigger needed, as continuation trendlines mean the prior trend resumes on a break), or, for a safer play, short on a break of support at $0.79604—this needs minimal confirmation.
Long Trigger: Wait for a break of the resistance zone at $0.80573. Confirm with RSI entering overbought. Check my RSI guide (link) for how I use it differently—game-changing stuff!
📉 Key Insight: Stick to the bearish trend for higher-probability trades. Shorts at $0.79604 or on a trendline break are your best bet.
🔔Risk management is your lifeline—cap risk at max 1%–2% per trade to stay in the game.
I’ll catch you in the next analysis—good luck, fam! <3
💬 Let’s Talk!
Which USD/CHF trigger are you locked on? Hit the comments, and let’s crush it together! 😊 If this update lit your fire, smash that boost—it fuels my mission! ✌️
✔️ Daily Timeframe:
We’re in a rock-solid bearish major trend. After hitting a high of $0.84649, we broke the key support at $0.80573, resuming the bearish trend. A pullback to the broken $0.80573 level is likely, as it aligns with the 0.6 Fibonacci retracement from the prior 4-hour wave. Trading with the trend is smartest, so shorts are the focus. If you want to long, go with lower risk and close positions faster.
📊 4-Hour Timeframe (Futures Triggers):
Short Trigger: Two options here. Either enter on a trendline break (no extra trigger needed, as continuation trendlines mean the prior trend resumes on a break), or, for a safer play, short on a break of support at $0.79604—this needs minimal confirmation.
Long Trigger: Wait for a break of the resistance zone at $0.80573. Confirm with RSI entering overbought. Check my RSI guide (link) for how I use it differently—game-changing stuff!
📉 Key Insight: Stick to the bearish trend for higher-probability trades. Shorts at $0.79604 or on a trendline break are your best bet.
🔔Risk management is your lifeline—cap risk at max 1%–2% per trade to stay in the game.
I’ll catch you in the next analysis—good luck, fam! <3
💬 Let’s Talk!
Which USD/CHF trigger are you locked on? Hit the comments, and let’s crush it together! 😊 If this update lit your fire, smash that boost—it fuels my mission! ✌️
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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.
Related publications
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.