Open trading account 
Long time since I posted here! 2 months. Was busy moving to UK. Enough about that. Time for some trading ideas.
This one goes for GBP/CHF. Depending on where the opening price will be we should see a sell-off to take out either of two lows marked with white ellipses.
I have two solid reasons why those two levels might be a strong support. At first let's take a look at the huge green breakout candle. Price clearly was pushed through the previous high. Note that this is a H4 chart. Looking on the daily chart this would be an almost ideal place to enter long and to place a stop below this so bullish candle. Right? Very often not! Because stops like that are very close and are taken out by few pips just to reverse and continue in the previous direciton.
The other level is also very important. It has been used as an entry on pull back, again on the close of the green candle ( on the right ).
It's also a new low. Most importantly followed by a higher high. Many buyers and sellers taken out of the game. It will now act as a trigger point for sellers to go short. If there is resistance at any of those levels, it is a very rewarding trade opportunity.
Just choose a SL level that You find suitable and wait what happens. It is generally 3:1 trade.
This one goes for GBP/CHF. Depending on where the opening price will be we should see a sell-off to take out either of two lows marked with white ellipses.
I have two solid reasons why those two levels might be a strong support. At first let's take a look at the huge green breakout candle. Price clearly was pushed through the previous high. Note that this is a H4 chart. Looking on the daily chart this would be an almost ideal place to enter long and to place a stop below this so bullish candle. Right? Very often not! Because stops like that are very close and are taken out by few pips just to reverse and continue in the previous direciton.
The other level is also very important. It has been used as an entry on pull back, again on the close of the green candle ( on the right ).
It's also a new low. Most importantly followed by a higher high. Many buyers and sellers taken out of the game. It will now act as a trigger point for sellers to go short. If there is resistance at any of those levels, it is a very rewarding trade opportunity.
Just choose a SL level that You find suitable and wait what happens. It is generally 3:1 trade.
