Hello traders let's analyze USDCHF using Price action.
What we have here is a downtrend in which we want to join.
Marking out the lows of this trend we can see that we are retracing to the previous low, the level we are retracing to has shown significant value as indicated in the IMG.
Taking it further to 1H we can see a flag triangle pattern here which will tell us when to enter, it is very important to enter after a clear break and retest.
What we have here is a downtrend in which we want to join.
Marking out the lows of this trend we can see that we are retracing to the previous low, the level we are retracing to has shown significant value as indicated in the IMG.
Taking it further to 1H we can see a flag triangle pattern here which will tell us when to enter, it is very important to enter after a clear break and retest.
- RETEST OF PREVIOUS HIGH
- CHART PATTERN
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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.