USDCHF - The Trend Is Your Friend 🤝
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
USDCHF has been overall bearish trading inside the falling channel in blue, however it is currently approaching around the upper trendline.
Moreover, the zone 0.885 is a strong resistance zone.
🏹 So the highlighted blue circle is a strong area to look for sell setups as it is the intersection of the green resistance and upper blue trendline.
As per my trading style:
As USDCHF approaches the blue circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)
đź“š Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
USDCHF has been overall bearish trading inside the falling channel in blue, however it is currently approaching around the upper trendline.
Moreover, the zone 0.885 is a strong resistance zone.
🏹 So the highlighted blue circle is a strong area to look for sell setups as it is the intersection of the green resistance and upper blue trendline.
As per my trading style:
As USDCHF approaches the blue circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)
đź“š Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Trading Made Simple; and Rule-Based
RichTL.com
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RichTL.com
instagram.com/richthesignalyst
Telegram
t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal
Best Crypto Exchange
coincall.com/r/thesignalyst
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