[Market Breakdown 1] USDCHF 4H
On the 4H chart, price is approaching our zone of interest (61.80 Fib).
Clear Supply & Demand zone sitting at the zone of interest.
Even though we are Bullish on the higher time frames, we are still making LLs and LHs on the 4H chart.
In the best case i want another reversal pattern in the form of a Head & Shoulders, before considering a Long position.
This would be no surprise if you take a look at the Shoulder 1 & Head region.
My USD positions will of course depend on how the DXY is acting.
I can not say it enough, it's all about staying neutral/anticipating on the situation.
Clear Supply & Demand zone sitting at the zone of interest.
Even though we are Bullish on the higher time frames, we are still making LLs and LHs on the 4H chart.
In the best case i want another reversal pattern in the form of a Head & Shoulders, before considering a Long position.
This would be no surprise if you take a look at the Shoulder 1 & Head region.
My USD positions will of course depend on how the DXY is acting.
I can not say it enough, it's all about staying neutral/anticipating on the situation.
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