USDCHF
this is a very bearish market, making LL/LHsince the beginning of the year. however price
has had a decent rally up since July nearing a level of liquidity (red zone).
Looking at the weekly we have two scenarios
1: a potential liquidity sweep
then a deep move back down target .8600
2: break and close above red zone targer .9200
Daily FVG (fair value gap-grey zone) has been
filled so normally the next target would be
liquidity. Mixed fundamentals for the $ overall
week of 9/11. we may not see this move until
next week but this be a very profitable move
with either scenario i mentioned. this is not a
pair i normally trade but I only pick two pairs
to trade per week and this looks promising.
this is a very bearish market, making LL/LHsince the beginning of the year. however price
has had a decent rally up since July nearing a level of liquidity (red zone).
Looking at the weekly we have two scenarios
1: a potential liquidity sweep
then a deep move back down target .8600
2: break and close above red zone targer .9200
Daily FVG (fair value gap-grey zone) has been
filled so normally the next target would be
liquidity. Mixed fundamentals for the $ overall
week of 9/11. we may not see this move until
next week but this be a very profitable move
with either scenario i mentioned. this is not a
pair i normally trade but I only pick two pairs
to trade per week and this looks promising.
Note
Scenario 2 is playing out. I am looking to enteron the retest because i was asleep when
the break happened.
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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.
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.