USD/CHF 4H - This here is another pair I analysed for you all last week that has played out really well for us, we have seen price continue to break down after the penetration of the Supply Zone above.
We are seeing price rest above this gap in the market, however as you can see price is creating lower highs each time, suggesting that the Supply in the market is building, I believe we will see price continue to move lower shortly.
Now in order for us to have higher timeframe confluence of a further move to the downside we aught to see price break the last protected low within the bullishness that traded price up and into the Supply Zone initially.
Once we see the low there break we have higher timeframe confluence, however if we want to be more pre-emptive, we could wait for the fractal low to break which sits just below the gap.
We are seeing price rest above this gap in the market, however as you can see price is creating lower highs each time, suggesting that the Supply in the market is building, I believe we will see price continue to move lower shortly.
Now in order for us to have higher timeframe confluence of a further move to the downside we aught to see price break the last protected low within the bullishness that traded price up and into the Supply Zone initially.
Once we see the low there break we have higher timeframe confluence, however if we want to be more pre-emptive, we could wait for the fractal low to break which sits just below the gap.
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.
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.