GBP/CHF setup if you wonder How?

This Example for low risk trade, kindly feel free to leave a comment.


. How I know this is potential good trade opportunity?

first let us start by basics, you need:

1.  Weekly clean chart 
2.  Draw weekly horizontal lines Support and resistance if you don't know read this one: how-to-draw-support-and-resistance
3.  40 EMA & 110 EMA in 4H and 10 EMA & 20 EMA in Daily chart 
4. Then watch for signal daily or 4H it could be also in 1H but in begging is better to stick in 4H and Daily
5. Browse all your favorite currency mark all weekly support and resistance
6. if you find signal near those level you need to act how :)
7. Open a trade and leave it alone we are done.
8. why I'm having indicator simply because i don't wont to sell low or buy high that only 

. Let us speak Price Action:

1. Market it is swinging High without retrace or correction
2. Marking reject high level top we found Shooting Star reversal candle
3. We are looking for mean reversion opportunity here
4. I don't question myself to much i see level and signal both together
5. I make a sell limit order in have of the reversal candle then i wait to be filled
6. Stop loss high of the candle 
7. Target 2 to 3 time more than my Risk because we in reversal situation.

I assume you do know Price Action but if you want to learn see these 2 guys:

http://www.learntotradethemarket.com/  Nial Fuller 

or

http://www.theforexguy.com/ Dale Woods