USD/CHF: Trying to get a good entry for a short!!
I'm trying to get into a short trade based on a bounce from a higher timeframe trendline which occured earlier.
I'm hoping to see PA going down after a re-test of this trendline... I'm not willing to enter at market right now because of the bad R/R ratio....
Basing my entry on the trendline and possible C leg of a bat, SL is above the previous high, 2 conservative targets (38.2% of the last move up and above 61.8% or possible completion of a bat), 1 less conservative at a previous structure support zone (possible re-entry on a retracement)...
Blue arrows for preferred setup, red arrows for an alternative setup and completion of a possible bat if the trendline breaks upwards...
WATCH OUT FOR THE FOMC RATE DECISION ON THURSDAY!!
I'm hoping to see PA going down after a re-test of this trendline... I'm not willing to enter at market right now because of the bad R/R ratio....
Basing my entry on the trendline and possible C leg of a bat, SL is above the previous high, 2 conservative targets (38.2% of the last move up and above 61.8% or possible completion of a bat), 1 less conservative at a previous structure support zone (possible re-entry on a retracement)...
Blue arrows for preferred setup, red arrows for an alternative setup and completion of a possible bat if the trendline breaks upwards...
WATCH OUT FOR THE FOMC RATE DECISION ON THURSDAY!!
Trade geschlossen: Ziel wurde erreicht
