USDCHF breaks trend support and forms a range of 0.900 - 0.888
The market is flat and accordingly an intra-range strategy should be considered
There is no potential to break the resistance at the moment, as a small rally to the resistance is forming.
and such a fast movement can be stopped and reversed quite easily.
A big player is likely to delimit the range at 0.89994 resistance with the aim of taking a large position before moving to one side or the other.
Strategy: False breakdown of resistance followed by a fall. Targets: 0.895, 0.888
The market is flat and accordingly an intra-range strategy should be considered
There is no potential to break the resistance at the moment, as a small rally to the resistance is forming.
and such a fast movement can be stopped and reversed quite easily.
A big player is likely to delimit the range at 0.89994 resistance with the aim of taking a large position before moving to one side or the other.
Strategy: False breakdown of resistance followed by a fall. Targets: 0.895, 0.888
Trade closed: target reached
❤️ Telegram channel: t.me/AndeWave
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.
❤️ Telegram channel: t.me/AndeWave
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.