I'll be scouring the charts for "actionable masterpieces". These will be signficant chart patterns or set-ups that I feel are not only tradeable, but also have a high probability of making big profits with little risk. Whenever I spot an "actionable masterpiece", I will post an annotated chart (my chart art) along with an explanation. My goal is to help you learn how to spot these low ocurring but highly profitable "actionable masterpieces" yourself.
| S | M | T | W | T | F | S |
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| 1 | 2 | 3 | 4 | 5 | ||
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| 27 | 28 | 29 | 30 | 31 |
This pair looks to be weakening here with the formation of double tweezers as it fights resistance from its pink 50 EMA. There's an ugly looking bearish divergence present with price sideways while the oscillator trends down.
I'm going to short now at 1.1140. My stop loss (SL) will be 1.1170. My profit target (PT) will be 1.1100.
Sell USD/CHF @ 1.1140 | SL: 1.1170 | PT: 1.1100
