USDCHF sell idea based on daily, 4h and 1h timeframe
USCHF fail to hit the previous daily resistance at 0.9246 and make a strong rejection at 0.9224
Followed by bearish engulfing in 4h candle
The sideways breaks to the higher price looks like a turtle soup scenario (sell inducement)
The gap between opening time has been fulfilled consecutively by the next 4h candle, means that the retracement will turn into an impulsive move right away
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.