USDCHF, end of week 4, bear move in week 5!
USDCHF made a long consolidation in week 4, pushing up another zone to bullish level 4. At level 4, we see a reversal double top pattern and finally, after a long wait, it started its bearish move and successfully moved to bearish level 1 zone in week 4, on Friday, before the market closes.
I have been anticipating the short move and even entered short position in week 4. I did not expect it to break another level before making its way down.
In the coming week 5, the analysis points towards a long bear move, which I supposed might last the whole of week 5. There is no saying of how long the trend will last, but I am confident of the bearish move in week 5.
Not a complicated move in week 4 and lets look forward to the opening of the market!
If you have any thoughts on USDCHF's movement for the coming weeks, please share them below, I look forward to learning and staying profitable together. Please help me like this analysis, and follow me for my weekly updates!
I have been anticipating the short move and even entered short position in week 4. I did not expect it to break another level before making its way down.
In the coming week 5, the analysis points towards a long bear move, which I supposed might last the whole of week 5. There is no saying of how long the trend will last, but I am confident of the bearish move in week 5.
Not a complicated move in week 4 and lets look forward to the opening of the market!
If you have any thoughts on USDCHF's movement for the coming weeks, please share them below, I look forward to learning and staying profitable together. Please help me like this analysis, and follow me for my weekly updates!
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