Short Setup on USD/CHF by ThinkingAntsOk
4H CHART EXPLANATION:
In 4H timeframe, we observe that price tried to break and consolidate above the Ascending Wedge, but it couldn't.
After that price formed a flag corrective pattern below the support zone, did a pullback and now the pattern has been broke downwards. We are taking short positions here towards the bottom of the Wedge Pattern. Our stop loss is placed above the Resistance Zone (previous support).
DAILY CHART:
In 4H timeframe, we observe that price tried to break and consolidate above the Ascending Wedge, but it couldn't.
After that price formed a flag corrective pattern below the support zone, did a pullback and now the pattern has been broke downwards. We are taking short positions here towards the bottom of the Wedge Pattern. Our stop loss is placed above the Resistance Zone (previous support).
DAILY CHART:
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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.
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.