The USDCHF pair is presently situated at a crucial area of interest following an extensive retracement. Given the prevailing bearish trend, I anticipate that the momentum will persist and drive the price downwards to the next AOI. Notably, the price is also aligning with a trend line and as of today has rejected off it. My strategy is to monitor the price until it falls under the current AOI, which I will then wait for retest and confirmation to get into this trade.
Note
I will wait for a pullback around that AOI along with confirmation to enter the trade short.
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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.