Tag: usdchf
Four Setups To Trade In The Upcoming Week
Hi traders! 👊 Another week has passed and we’ve rolled over into March already. Time flies! We had a good number of setups that triggered early in the week and the rest of the week was a bit quieter.
That’s just part of being a trader, you can’t always choose the opportunities that come along! I just continue to execute my trading plan, besides having a good coffee in one of Tokyo’s bars 😉
Every weekend, my Trade Advisor students get a list of all of the setups from my personal watchlist for the upcoming week. This week, I’ve sent out 14 setups, spread out over the 1H, 4H and daily timeframes, so there’s something for everyone!
As we go into a new week, I wanted to share some of those setups with you and give you an insight into how I trade. Let’s get started!
How I Managed My USDCHF Short For An Easy Win
Early this week (well, actually while making my watchlist this weekend), I spotted a very nice setup on the USDCHF 4H charts. It had all the characteristics of a solid reversal setup and I was waiting for for my entry criteria to be fulfilled:
As expected, $USDCHF 4H retraced back into previous support-turned-resistance, showing some rejection of this level. Waiting for a solid bearish signal to potentially short this one. #forex#tradingpic.twitter.com/BJqJVV3w5b
— Felix De Vliegher (@smartfxlearning) November 13, 2017
On Tuesday, we got our solid bearish signal! A massive bearish engulfing bar was printed, so once I saw this, I got in. I actually managed to get a slightly better entry than the close of this bearish engulfing candle, but the idea is the same.
