USD/CHF 4HR // 02 July 2024 Analysis
We can see a beautiful downtrend for USD/CHF on the 4HR timeframe.
The price is currently at our area of support/resistance which is marked.
For possible sells would like to see a good rejection from the marked area. A good target would be the previous swing low around the 0.88400 price area.
The price is currently at our area of support/resistance which is marked.
For possible sells would like to see a good rejection from the marked area. A good target would be the previous swing low around the 0.88400 price area.
Trade active
The price has reacted to the trendline resulting in a bearish candlestick.Trade closed manually
I am up 90 pips from my entry position, took profits along the way, and now have closed all pending positions.
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