ItsChrisVandy

ItsChrisVandy

My analysis on a potential short on the USD/CHF, 8&21 Cross Over indicting the strength of this downward trend, also with the formation of an Inside Bar the trend has potential to stay bearish breaking past the Support level Monthly, Weekly and Daily are all bearish adding more confluence to this bearish trend NFP is being released today therefore will wait untill I enter

ItsChrisVandy

Price has been rejected several times at the Weekly Resistance along with the formation of an Inside Bar indicating a Reversal

ItsChrisVandy

Short on USD/CAD

ItsChrisVandy

Short

ItsChrisVandy

USD/CAD - Short

ItsChrisVandy

Short on USD/CAD

ItsChrisVandy

The 8 EMA seems to be crossing below the 21 EMA indictating a downward trend The 50 MA seems to be acting as a Resistance Line An inside bar has also formed at a key level (the monthly support line), if price action breaks the Monthly Support as well as the 8&21 EMA Cross Over (Confluence) I believe Price will continue to Sell Possible entry could be 300-1000...