Long

USD/CHF Price Action Exhaustion after Retesting Trend Line

Updated

Hello,

I am looking for confirmation to enter this trade due to the confluence embellished in technical analysis above. Upon receiving that confirmation, I will then look for a better entry on a lower time frame; thus allowing me to minimize risk. Please execute with your own due diligence. The financial markets are risky, I am not responsible for any capital loss.

Thanks,
Trade Wisely

Note

This is titled incorrectly, I was looking to short price action instead of longing it. None the less, still anticipating price to have a reversal near illustrated supply (orange band) zone, and trendline. The hourly TDI, (colorful lines you fine in the lower half of the screen) sentiment (yellow line) shall become horizontal prior to reversal. Take note of that, as it's detrimental for isolating an ideal entry.

Note

Price slowly attempting to break accumulation phase, lets see where it goes.

authors

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.