USDCHF | REVERSAL?
USDCHF has climbed back down to lows of 2014.
We would expect to see a reaction and a potential turn at this point back to liquidity levels above, granted this is a swing trade.
We will only look to jump in on break of structure on low TF, so a BUY STOP is set just above.
RSI also show massively oversold on the Daily TF
We would expect to see a reaction and a potential turn at this point back to liquidity levels above, granted this is a swing trade.
We will only look to jump in on break of structure on low TF, so a BUY STOP is set just above.
RSI also show massively oversold on the Daily TF
Trade active
Entered early as saw a break of structure on the lower timeframes.Note
Closing 50% of position as this could be refused and fall from this point.Setting SL to BREAKEVEN
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.
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.