USD/CHF 4H - Wit this pair you can see that price has recently traded down and into a valid area of Demand, I am expecting enough Demand to be introduced to flip the balance.
I have gone ahead and marked out the last protected high within the bearishness that has traded price down and into the area of interest. Once we see a break in that we will have more confirmation.
A break in the last high tells us that the bearishness trading us down has come to an end and a new trend to the upside is ready to be printed into the market.
This is when we can begin to look to enter in on this market with long positions. To further back our analysis we have had some positive news for the USD, meaning it should appreciate next week.
I have gone ahead and marked out the last protected high within the bearishness that has traded price down and into the area of interest. Once we see a break in that we will have more confirmation.
A break in the last high tells us that the bearishness trading us down has come to an end and a new trend to the upside is ready to be printed into the market.
This is when we can begin to look to enter in on this market with long positions. To further back our analysis we have had some positive news for the USD, meaning it should appreciate next week.
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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.