USDCHF.... SHORT TRADE IDEA... 10RR POTENTIAL
Hello Traders,
Here is one for those in doubt for what pair to trade this week.
USDCHF is at a solid supply in the monthly, weekly and also daily timeframe. If you look at the monthly, you will see strong rejection candles and the weekly will display more information on that. Though I speculate that the dollar will fall to a size amount this does not mean it will start a bearish trend, but a profit taking situation.
If you change your chart to the daily timeframe, you will notice why I have strong feeling that the bearish leg (profit taking) will continue from here.
History doesn't repeat itself but it does rhyme most times.
Let me know what you think in the comment section.
follow me for more trade ideas.
Cheers.
Here is one for those in doubt for what pair to trade this week.
USDCHF is at a solid supply in the monthly, weekly and also daily timeframe. If you look at the monthly, you will see strong rejection candles and the weekly will display more information on that. Though I speculate that the dollar will fall to a size amount this does not mean it will start a bearish trend, but a profit taking situation.
If you change your chart to the daily timeframe, you will notice why I have strong feeling that the bearish leg (profit taking) will continue from here.
History doesn't repeat itself but it does rhyme most times.
Let me know what you think in the comment section.
follow me for more trade ideas.
Cheers.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.