USDCHF 4 hour chart FIB retracement
Updated
Wait for a retracement to the 0.5/0.618 zone to enter the trade to the downside.
Entry should be done within the area above, with a stop loss of 40 pips, slightly above the next Fib retracement area
3 TPs should be placed
TP1 at the 40 pip mark and then move the SL to breakeven on the other 3 entries
TP2 should be where it is indicated in the chart
TP3 should be a trailing stop loss, keeping in mind the average true range and the previous swings as well as price action
Enter trade at your own risk
Updates to follow as trade evolves!
Entry should be done within the area above, with a stop loss of 40 pips, slightly above the next Fib retracement area
3 TPs should be placed
TP1 at the 40 pip mark and then move the SL to breakeven on the other 3 entries
TP2 should be where it is indicated in the chart
TP3 should be a trailing stop loss, keeping in mind the average true range and the previous swings as well as price action
Enter trade at your own risk
Updates to follow as trade evolves!
Note
Price has reached the entry levelObserve lower time frames to see if price is indicating a move in the desired direction as seen in the screenshot bellow
i.imgur.com/xRx08ve.png
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