USDCHF H4 DIARY, short based on 161.8% fibo and uptrend
My short is based on
And then might be a good idea for long position :)
- top of uptrend channel - time for correction move
- 161.8% of fibo of correction impulse - again, usually good time for short shorts
- RSI above 80 (as just kind of confirmation
- TP1 - c.a. 38.2% fibo of this uptrend wave
- TP2- c.a.50.0% (notice - there is S/R zone
And then might be a good idea for long position :)
