USD/CHF 4HR // 02 July 2024 Analysis
We can see a beautiful downtrend for USD/CHF on the 4HR timeframe.
The price is currently at our area of support/resistance which is marked.
For possible sells would like to see a good rejection from the marked area. A good target would be the previous swing low around the 0.88400 price area.
The price is currently at our area of support/resistance which is marked.
For possible sells would like to see a good rejection from the marked area. A good target would be the previous swing low around the 0.88400 price area.
Trade active
The price has reacted to the trendline resulting in a bearish candlestick.Trade closed manually
I am up 90 pips from my entry position, took profits along the way, and now have closed all pending positions.
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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.