USD/CHF 1H - This market I am wanting to see a continuation in bearish structure, what we are witnessing at the moment is price correcting itself, this is in prep for the next impulsive wave to the downside.
Once we see price trade up and into the Supply Zone above, this is when I will be looking to take part in the market with short positions. Its important we are following the prevailing trend, this increases probability of success.
You can see I have drawn out a path trading us lower initially before the move higher, this is because I am trying to tell a story. A story to help you all understand the journey price takes in order to get to where it wants to be longer term.
We understand price is going to trade lower longer term as that is the bias of the market, but in order for it to have enough Supply to trade lower we must first see price introduce Supply and for Demand to be offloaded, the Demand it picks up initially will be removed and Supply will be introduced.
Once we see price trade up and into the Supply Zone above, this is when I will be looking to take part in the market with short positions. Its important we are following the prevailing trend, this increases probability of success.
You can see I have drawn out a path trading us lower initially before the move higher, this is because I am trying to tell a story. A story to help you all understand the journey price takes in order to get to where it wants to be longer term.
We understand price is going to trade lower longer term as that is the bias of the market, but in order for it to have enough Supply to trade lower we must first see price introduce Supply and for Demand to be offloaded, the Demand it picks up initially will be removed and Supply will be introduced.
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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.