hey guys,
dollar swiss is still very bearish,
and now we see some correctional movement after reaching 0.99 level.
as you see the price is coiling in a rising parallel channel called the flag pattern.
We will be looking for selling opportunities as soon as bears break and close below the flag.
however, we have an obstacle with identifying a resistance level, where this correctional movement should be over.
we have a wide area between 0.995 - 1.000
as the market approaches this area,
wait and sell the breakout of the flag.
the initial target will be the market low
and second target 0.987 based on structure
Note
breakout , the market is going downNote
finally the market hit the initial target
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✅Join My Telegram Channel: t.me/VasilyTrading
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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.