USDCHF potential sell
After price broke structure to the downside with momentum, it preceded to retrace. It formed liquidity the process that it preceded to take, mitigating a previously established supply area in the process. It has currently broken structure to the downside and could potentially retrace one more time to mitigate supply on lower timeframe before further expansion, giving us an opportunity to capitalize on this confirmation entry.
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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.