USD/CHF 4H - With this market we are simply waiting for price to finish correcting itself, trading price up and into the Supply Zone above. Once it has done we can then look to go short.
We want to see price trade up and into this zone as we can expect enough Supply to be introduced to flip the balance.
Those who bought into the market will look to remove orders, essentially taking profit and those looking to short will be looking to enter in once confirmation has been given to get involved.
Confirmation will come via a break of structure to the downside, its tells us that the correction has finished and the new impulse is ready to take place.
The end of one trend and the start of another, once we have that confirmation, we look inside the impulse that broke the structure for areas that price can pullback up and into, this is to set a lower high before the next move lower.
We want to see price trade up and into this zone as we can expect enough Supply to be introduced to flip the balance.
Those who bought into the market will look to remove orders, essentially taking profit and those looking to short will be looking to enter in once confirmation has been given to get involved.
Confirmation will come via a break of structure to the downside, its tells us that the correction has finished and the new impulse is ready to take place.
The end of one trend and the start of another, once we have that confirmation, we look inside the impulse that broke the structure for areas that price can pullback up and into, this is to set a lower high before the next move lower.
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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.