🎯 It´s looks like long-term bearish, but we are on the bottom of the long-term channel while the banks build shorts on CHF. I'm expecting bounce in here.
This is pre-plan based on the COT and Retail positions. M, W, D, H4 Time-frames trends and Parallel Channels. I will execute on the M30 at institutional level if the all conditions are met.
✅ Traders, you are welcome to share your charts, thoughts and questions lets discuss it.
📌 Multi-time frame view - Monthly, Weekly, Daily, H4 ⏬Click on the picture to zoom view of all timeframes
📌COT - Weekly reported positions of large traders. Data is reported on Tuesday and published on Fridays. ⏬Click on the picture to see the numbers properly (Get this free indicator in my scripts, its updated on Saturdays)
Wish you good hunt !!
Dave FX Hunter ⚔
---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ❗❗ This is Pre-plan That means my view can change, depends on how the price will arrive to the level and what will be happening on the M30 in my level of interest for entry. Then I will decide if I will enter or not. So please don't just blindly follow this. FX market is quickly changing environment and it requires full focus on the levels for the precise entry with low risk.
❗❗ DISCLAIMER We are the only one person who is responsible for our health, relationships, success and money in our life's. So taking a risk on the markets based on this idea is only and only your decision. You deserve the profit and you are responsible for your potential loss. Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice. Author of the analysis does not accept liability for any loss or damage.
❗❗ Legal Risk Disclosure Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose.You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.
Another batch of the CLS Coaching program opens in less than a month. Learn this simple method which is the peak of the technical analysis and order flow trading I have been refining since 2013.