USDCHF - Back at Resistance
Hooray, price is now back at the previous resistance level, I see signs of bulls, let's all buy and make millions, HELL NO! Understand how the market works and how banks manipulate retail.
I have drawn a path as to what i think may happen next. I expect a push below the resistance level to gather liquidity before the intended move to the upside. We may not even see this at all we may just see a total disregard to the resistance level and a sell off, time will tell.
COT Data - 61% Long
I have drawn a path as to what i think may happen next. I expect a push below the resistance level to gather liquidity before the intended move to the upside. We may not even see this at all we may just see a total disregard to the resistance level and a sell off, time will tell.
COT Data - 61% Long
Related publications
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.