USDCHF - Bearish Break expected - MTFA
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*** Not every idea is also traded by us ***
Monthly TF:
- Market in a Monthly Range
- Market @ lower Level of the Range
Weekly TF:
- Market have a strong descending Trendline which
- Symmetrical Triangle Pattern
- Market broke the ascending TL
Daily TF:
- Break of Support is expected, because we have the Break of ascending Trendline on the one hand
and the pressure of the descending Trendline on the other hand
H4 TF:
- To continue its Downtrend, it needs to make a Lower Low.
It is difficult to make a lower Low just like that, because the Support needs to get broken.
Here are three potential Possibilities:
P1: Market makes a Low, then it makes a Pullback and breaks the Support.
P2: Market makes a consolidation at the Support and breaks it.
P3: Market gets Volatility in the London Session on Monday and breaks the Support directly.
If you have any questions, another Point of View or anything else to share, don't hesitate to comment!
Thanks and successful Trading :-)!
*** Not every idea is also traded by us ***
Monthly TF:
- Market in a Monthly Range
- Market @ lower Level of the Range
Weekly TF:
- Market have a strong descending Trendline which
- Symmetrical Triangle Pattern
- Market broke the ascending TL
Daily TF:
- Break of Support is expected, because we have the Break of ascending Trendline on the one hand
and the pressure of the descending Trendline on the other hand
H4 TF:
- To continue its Downtrend, it needs to make a Lower Low.
It is difficult to make a lower Low just like that, because the Support needs to get broken.
Here are three potential Possibilities:
P1: Market makes a Low, then it makes a Pullback and breaks the Support.
P2: Market makes a consolidation at the Support and breaks it.
P3: Market gets Volatility in the London Session on Monday and breaks the Support directly.
If you have any questions, another Point of View or anything else to share, don't hesitate to comment!
Thanks and successful Trading :-)!
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