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USDCHF - trade ideas

I will start this thread with the diagonal structure identified on H4 time frame.

This diagonal may be a leading diagonal - implying that next immediate move after a proper correction will be to the downside, OR
an ending diagonal - usually, as the wave C in a large flat.

I will illustrate both options here.

Given the DXY structure I am favouring the next move down (D1/H4), after a proper corrective pullback.

Trade safe

Not

Daily frame - bearish option (A zigzag (ABC) completed and confirmed downside with an impulsive move down as a leading diagonal):

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Second option - for a bullish case - a double zigzag, where wave X is likely completed as an expanding diagonal. Price is close to 62% retracement against wave W.

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Misprint in the last comment - as an expanded flat (instead of ED). :)

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That’s the bullish 1-2 on m15

İşlem aktif

Bought.
SL 0,934
Below the channel & MA50

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Nice set up

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SL below ma50 h1 (to the earlier update)

İşlem kapandı: durdurma seviyesi

İşlem aktif

Opened 0,01 buy
SL below the last low

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It’s a nice head and shoulders pattern on H1

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Update m15. H&S still valid, still a corrective whipsaw, as a tripple combo

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This combo may be a correction against a leading expanding diagonal:

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On top of that:

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Breaking out of the corrective price channel

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The wxyxxz can be marked as follows, with the ending diagonal as wave Y

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A nice breakout. Waiting for the further upside. Could draw a couple of h1 trend lines on the price chart, as well as on RSI

İşlem elle kapatılmış

Closed in profit 70 pips, plus swap. A small overall profit for two trades. Next ideas in a separate thread later. Good luck!

İşlem aktif

Decided to prolong the life of this thread. Opened a buy 0,01 @ 0,9299

Not

İşlem elle kapatılmış

Closed @ 0,936
Nice trade.

UnknownUnicorn3382580

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.

UnknownUnicorn3382580