USDCHF ShortALOHA
Hope your May is on pace for dominance! There have been a lot of nice moves that I was not personally to capture but still stoked to be watching the strategies play out. I am currently sitting at -1% for the month with 3 BE trades. I am currently look at USDCHF reversal short.
D - Price does not always have to touch a resistance or support line, the ray lines represent areas which is why i condsider this a triple top in my analysis. Within an overall side ways channel.
4hr - Overall price on USDCHF is moving in nice patterns. Ascending channel, within horizontal flag. Multple touches before price moves. , nice confirmations. The only thing however, is the 4hr 50ema being in the way. I'm anticipating price hovering around that area which will then decide where the market wants to go.
1hr - broke below 50ema, creating a minor hover just under it after nice bearish engulfing run.
Waited to put entry until new market day. Will hold over the weekend or get taken out. It is what it is. Thanks for reading. have a good weekend traders. Since typing this up, trade was triggered due to spreads. It is what it is.
