⚡️Strifor || USDCHF-07/02/2024
Preferred direction: SELL
Comment: In the middle of the current trading week for the USDCHF currency pair, we will also consider selling. We highlight scenario №1 as a short-term entry option and scenario №2 as a medium-term scenario. It would be best to consider two scenarios at the same time and place a stop loss no lower than the resistance level of 0.87757. In any case, the target for the fall is located at support 0.85696. The main triggers for entering a sale are the formed context in terms of volume analysis and, surely, accumulation in the balance format with the presence of false movements.
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Comment: In the middle of the current trading week for the USDCHF currency pair, we will also consider selling. We highlight scenario №1 as a short-term entry option and scenario №2 as a medium-term scenario. It would be best to consider two scenarios at the same time and place a stop loss no lower than the resistance level of 0.87757. In any case, the target for the fall is located at support 0.85696. The main triggers for entering a sale are the formed context in terms of volume analysis and, surely, accumulation in the balance format with the presence of false movements.
Thank you for like and share your views!
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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.