USD/CHF: Pullback is more likelyHello, everyone!
The pair is trading in sideways manner and now is near strong resistance lines forming a doji candle on H4 chart.
Additionally, the recent rise of a price was very sharp, so the RSI indicators is overbought and the correction is likely.
There is a high probability that price is going to fall due to these factors.
Entry price: 0.9315
SL: 0.9360
TP: 0.9245
Usdchfshort
USDCHF SHORTS 📉📉📉📉 Expecting bearish price action on this pair as price is overly extendend and right now is taking out liquidity above old highs aka resistance, rejecting a daily orderblock bearish area and a filling a bearish imbalance on the same timeframe. Price has been delivered with a lot of bullish imbalances that has to be filled next week.
What do you think ? Comment below..
USDCHF | Approaching to Key LevelUSDCHF is trading in a range on daily time frame and approaching to it overhead resistance. This resistance is not broken from April of last year.
Two senarios to look here.
a) Bullish: The price action will take a stop a bit at resistance zone and then starts its upward journey again. The upside looks good if it manages to break the resistance.
b) Bearish: The price action will take a hit and price reverses. One can do short from the top with stoploss on top of resistance.
Trade your levels accordingly.
USDCHF SHORTS 📉📉📉📉 Expecting bearish price action from this area as price takes out weekly highs + buy side liquidity (equal highs) price rejected exactly to the pip the institutional figure 0.92000 with a bearish closure on h4 that means bears are in charge, targets below weekly low this is where price should go.
What do you think ? Comment below..