Looking for a potential short/sell on USDCHF.
Waiting for Bearish engulfing candle for trigger.
Pros:
*Price created a swing low
*Price bounced off Daily/Weekly resistance area
*price brothe recent daily trend
*DXY is looking exhausting from long runs
*CHF is getting strong and USD is getting weak
Cons:
Could push to test previous broken/breached support levels before heading lowers
Waiting for Bearish engulfing candle for trigger.
Pros:
*Price created a swing low
*Price bounced off Daily/Weekly resistance area
*price brothe recent daily trend
*DXY is looking exhausting from long runs
*CHF is getting strong and USD is getting weak
Cons:
Could push to test previous broken/breached support levels before heading lowers
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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.
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.