USDCHF idea
Updated
Good afternon,
After a while, I bring this CHF analyisis:
This pair show us a bullish scenario the last weeks. After a possible rejection of 1.00 resistance level, price is showing reticence of a trend change( on 4H frame).
I expect one of this 2 scenarios:
. Green: Price rejects MA50 on 4H(also 1H) and breaks the corrective structure with a new bullish wave.
. Red: Price can't hold 1.00 and breakout the level. Then, if MA200 is broken, we could see a new bearish scenario.
Thank you for your attention.
Don't forget to check my youtube channel for more content:[url= youtube.com/channel/UCSRYFFhSBpJXqGOdI26lkxw] youtube.com/channel/UCSRYFFhSBpJXqGOdI26lkxw
After a while, I bring this CHF analyisis:
This pair show us a bullish scenario the last weeks. After a possible rejection of 1.00 resistance level, price is showing reticence of a trend change( on 4H frame).
I expect one of this 2 scenarios:
. Green: Price rejects MA50 on 4H(also 1H) and breaks the corrective structure with a new bullish wave.
. Red: Price can't hold 1.00 and breakout the level. Then, if MA200 is broken, we could see a new bearish scenario.
Thank you for your attention.
Don't forget to check my youtube channel for more content:[url= youtube.com/channel/UCSRYFFhSBpJXqGOdI26lkxw] youtube.com/channel/UCSRYFFhSBpJXqGOdI26lkxw
Note
First step of bullish impulse has done.
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