USDCHF Weekly: 18/01/2023: Long term view

As you can see, the price has fallen after touching the supply zone.

Now we expect more fall.

First I think the price will move down under an equal low.

In the first scenario, the price will collect liquidity under 0.89262 and will upward move from 0.88386- 0.8926 which is shown as a demand zone on the chart.

The second scenario is more optimistic for the dollar, in this scenario, the price will collect liquidity under 0.90186 and then will move upward in the support zone. ( 0.90102- 0.89262)

For all of these scenarios, we need low time frame confirmation.

💡Wait for the update!
🗓️18/01/2023
🔎 DYOR

💌It is my honor to share your comments with me💌

VahidTradingCR

👑Join my free Telegram channel: t.me/TradingFX_ICT

Also on:

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.