USDCHF Short Sell
I am bearish on USDCHF. USDCHF has set up for a nice short sell opportunity. Using smart money concepts, a previously untapped orderblock has been tapped. Price targets are 50% through an imbalance and a 1h bullish orderblock. Many local highs were developed throughout this cycle, giving confidence that a sell would come after manipulating them, as support and resistance create liquidity pools for bigger money to grab. The equal lows above the 1h bullish orderblock provide confidence they will be broken.
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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.