for past 3 weeks , USDCHF had been exhibiting toppish inclinations.
Several confluences worked together to cause this top.
200 SMA , 0.90000 round number . wr3B , RSi divergence. However the decisive shootgulfing candle after ECB news was the deciding factor.
I hv therefore entered a position on close in anticipating of furthur plunge but it did not happen.
there is a d1 line chart which seems to be more of a pesky support , and i am hoping this is to break.
I hv also missed the subsequent retracement sell limit as I was aldy otm with some new positions , post ECB.
I strongly believe that this is a high probability short, and a retracement will help to load up more positions. Will look to enter more short positions on next week.
A trade criteria
Checklist shows score of 11. A bit more of setup and turning and score will be high enough to trade big positions for this.
Really feeling confident about this. However, more positions are in GBPCHF rather than USDCHF.