做空

USDCHF BEARISH PROJECT (H4)

已更新

The bearish wave formation was completed by creation of double top at point 5 supported by RSI divergence at H1/H4.

After the test of 2-4 line area, the price retraced to 61.8 of previous move and provided opportunities for opening short position. It is possible that the price will re-test 1-3-5 area once again before beginning the descend. Both this level and 2-4 possible breakout area should be monitored carefully.

3 positions were opened, more can be considered depending on further development of this pattern.

交易开始

5 more positions were opened - the pair went to re-test 1-3-5 and US housing data was much worse than expected.

交易开始

During Yellen's speech which appeared to be pretty dovish, the pair formed another minor WW (purple).

1 more position was added at the peak of 1-3-5 re-test (hopefully, will finally start going South after Yellen, I expect the price to test at least 2-4 line again.)

交易手动结束

After price reversal and breaking the upper line of the pattern, the positions were closed.

交易开始

The price returned to the internal structure of the pattern - supported by RSI divergence and continuous bearish volume - shorts re-opened.

交易开始

USDCHF is trying to break 2-4 again. Currently the pair is in accumulation phase and the real breakout in any direction will most likely be accompanied by volatility and volume increase.

交易开始

After the initial cross of 2-4, bounce back and strong continuation further South along with medium volume increase, it started looking more like a valid breakout.

交易开始

With the price returning back to the pattern and forming another peak, the situation is looking more like this now:

Hopefully, the latest breakout will be the real one, but only time can tell )

It is likely that with lot's of important upcoming data within next few hours and Yellen's speech later, the pair will finally decide its destination.

注释

Didn't update this trade on time - SL was put too low and got hit above point 5 indicated at the previous screenshot.