I have entered a USDCHF long position
A very simple chart analysis where you see a convergence of 3 things:
1. DXY (us dollar index) found support
2. Trend line support on USDCHF 4h chart
3. Horizontal support on USDCHF 4h chart
Furthermore, we can all see the 200MA is going flat. Which means the market is RANGING and not particularly trending in any direction.
Like all my analysis, I stick to horizontal support and resistance on 4h chart.
Happy trading
1. DXY (us dollar index) found support
2. Trend line support on USDCHF 4h chart
3. Horizontal support on USDCHF 4h chart
Furthermore, we can all see the 200MA is going flat. Which means the market is RANGING and not particularly trending in any direction.
Like all my analysis, I stick to horizontal support and resistance on 4h chart.
Happy trading
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.