USDCHF , Downward channel Hello guys
In here , we have a downward channel that the price in moving between roof and bottom of them
From 2 view of technical :
At first from the classical view we are in downward channel and we expect from the roof of the channel when price impact to roof , fall down until reach the bottom of the channel
In another view of price action we have a key and until the key is not break up and close candle above them the analysis is valid
So we conclude that in the sell zone area because of we have 2 view resistance in here ( we told you why ) we should find a sign for sell , like reverse hammer or descending cover or ...
Dont forget use stop loss after to take position and PLEASE DONT OPEN POSITION WITH YOUR EMOTIONAL
Do it correct and go to the GOD
Good Luck
Abtin
Usdchfshort
USDCHF - Range break short 5min tradeNote: 4hour, 1hour Price traveling below 100SMA
Key support level break. Only take a trade if there is a strong volume to push the price down. If not, abort mission.
Stop lost placed above Vwap (which is in between the Support and Resistance level). 1 Risk : 2.5 Reward.
Definitely Bearish on USDCHF.USDCHF / 4H
USDCHF has finally established a new trend making new lows and new high lows.
and recently has broken a major bull channel.
For our next setup, we'll be looking for following this trend, we are
aiming for a bull back to one of the sell zones at 0.91604 or 0.91899.
Trade safe,
Trader Leo