USD / CHF SELL OPPORTUNITY .
DESCRIPTION OF TRADE IDEA .
As we can clearly see head and shoulder pattern , being formed up in 4hr TF , it sells us the idea of potential short opportunity incoming in the future .
Secondly , we can see a strong momentum of 4hr bearish candle formed up and making a fractal low , which in many times i have seen goes to retest on the nearest supply or demand area before reversal as per trend ,in this case it is most likely to retest from the 4hr mini supply and go downwards .
SCENARIO FOR TRADES HERE .
Potential trade for opening of the week Mon to Tuesday and furthest till Wednesday London session.
- one could take a short from opening London session on Monday if the price is still on current supply zone . If I was to take this trade I would look to hold onto the next demand zone until of 0.87200 or until Wednesday before red news.
Potential trade idea from Wednesday to Friday ( red news zone )
I would look to enter on the trade if the price retest the current supply zone to short , this might give us a proper window to manage risk with small stop loss and bigger lot size.
regardless I will be posting the idea through the week as we go along and what market shows us throughout.
NOTES : As i align with my confluences and experience of what i have regularly seen in the market to potentially take the trade , i am constantly monitoring key principal of trading to take the trade effectively which are :
Market structure
fractal structure
Ibos - internal break of structure
liquidity in line with supply and demand
time of trade and risk management .
