Missing an easy Opportunity

If you were looking at the CHFUSD and you didn’t manage to capitalise on the massive drop in price and are wondering why, these are some of the things that you should have been looking for.

The first thing you should have noticed was the 123 at a previous resistance. We also have divergence on the MACD. These 2 things alone have indicated that we were awaiting a reversal.

We now have two confluence events, which may not be enough for you to enter a trade.













I have also posted the 4hour chart, and you will see we had the exact same confluence of events, giving us a total 4, which means you now had very strong evidence to enter the trade.













If you had missed this trade because you didnt understand why to enter the trade, I hope this has helped to make things clearer and helped you to learn from this analysis to put into practice in your next trades.