USD/CHF 4H - I am currently waiting for price to pullback up and into the Supply Zone I have marked out as this would act as a great area to get involved in shorts from.
This market is quite clearly bearish at the moment and until we have a break in one of the last protected highs we should be looking to short this market, trading with the prevailing trend.
I have gone ahead and marked out an area of Demand I feel price may reverse from, with this market being bullish on the higher timeframes price is currently within a corrective phase.
Once price trades down and into the Demand Zone below I feel this will be the area to look to go long from longer term as this should be the area that price sets a higher timeframe higher low.
This market is quite clearly bearish at the moment and until we have a break in one of the last protected highs we should be looking to short this market, trading with the prevailing trend.
I have gone ahead and marked out an area of Demand I feel price may reverse from, with this market being bullish on the higher timeframes price is currently within a corrective phase.
Once price trades down and into the Demand Zone below I feel this will be the area to look to go long from longer term as this should be the area that price sets a higher timeframe higher low.
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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.