Traders,
Currently i am looking to short the USDCHF if all entry criteria's are met.
We've got a bearish trend.
After the price pushed back up into the previous support area of the previous outside return we got a double bottom after a wedge breakout.
These signals all indicate that the market could continue bearish.
Be aware that because the price made such a big move up into the support area this could be a sign that the trend is weakening. And the bulls are strong
Currently i am looking to short the USDCHF if all entry criteria's are met.
We've got a bearish trend.
After the price pushed back up into the previous support area of the previous outside return we got a double bottom after a wedge breakout.
These signals all indicate that the market could continue bearish.
Be aware that because the price made such a big move up into the support area this could be a sign that the trend is weakening. And the bulls are strong
Note
Support is holding.
I assume this is gonna be a losing trade because the price pushed higher after we entered near our stoploss. but the 240 chart is showing signs of a selloff.
We may seem some bearish movements.
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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.