USD/CHF | Bearish Season Incoming
Higher timeframes (3-Day+) are at a nice resistance zone to see short plays only as we head into the next season
We got a ~600 pip swing but first I'd like to see maybe one more long position back to the main resistance zone for a high sell entry up top and then scaling in as price falls after more confirmation and price development
Trend Reader is looking nice too as its in the overbought zone signaling a bearish play to come with clear divergence
The blue EMA at around 150-Days also acts as good dynamic Support/Resistance to help confirm that flipside once price looks to break below with a rejected pullback.
We got a ~600 pip swing but first I'd like to see maybe one more long position back to the main resistance zone for a high sell entry up top and then scaling in as price falls after more confirmation and price development
Trend Reader is looking nice too as its in the overbought zone signaling a bearish play to come with clear divergence
The blue EMA at around 150-Days also acts as good dynamic Support/Resistance to help confirm that flipside once price looks to break below with a rejected pullback.
NathanAL
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NathanAL
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.