USDCHF - Bearish
Updated
Traders,
Currently i am looking to short the USDCHF if all entry criteria's are met.
We've got a bearish trend.
After the price pushed back up into the previous support area of the previous outside return we got a double bottom after a wedge breakout.
These signals all indicate that the market could continue bearish.
Be aware that because the price made such a big move up into the support area this could be a sign that the trend is weakening. And the bulls are strong
Currently i am looking to short the USDCHF if all entry criteria's are met.
We've got a bearish trend.
After the price pushed back up into the previous support area of the previous outside return we got a double bottom after a wedge breakout.
These signals all indicate that the market could continue bearish.
Be aware that because the price made such a big move up into the support area this could be a sign that the trend is weakening. And the bulls are strong
Note
Support is holding.
I assume this is gonna be a losing trade because the price pushed higher after we entered near our stoploss. but the 240 chart is showing signs of a selloff.
We may seem some bearish movements.
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