Overall it's a bullish trend. Recent reports may seem to favor strength in the USD.
This S/R area has proven to somewhat strong.. There's data all the way back to 2014 although I don't think it's necessary. Most recently, S/R has given way to bears but very briefly.
I may look to open a position given the bullish sentiment. Only issue is if I look left, we can see the small consolidation that happened. Does it mean the S/R area above will not allow bulls to push through?
Comment
Looks like I missed this trade.
Why? Probably biased against CHF pairs as it has been losing me money. Need a fresh start on CHF pairs.
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.