Weekly Structure - Downtrend
Daily Structure - Downtrend
USD-CHF has a big drop between 22nd and 29th of March reaching 0.95000. The price had been climbing until get stucked around 0.96800 level. It created a triple top showing some exhaustion and also since the price is on a downtrend a new touch on the descending trendline, showing that price could drop in the next days.
TP1 - 0.96000
TP2 - 0.95000
SL - 0.96974
R/R - 5.2
Good Luck!!!
Daily Structure - Downtrend
USD-CHF has a big drop between 22nd and 29th of March reaching 0.95000. The price had been climbing until get stucked around 0.96800 level. It created a triple top showing some exhaustion and also since the price is on a downtrend a new touch on the descending trendline, showing that price could drop in the next days.
TP1 - 0.96000
TP2 - 0.95000
SL - 0.96974
R/R - 5.2
Good Luck!!!
Note
Trade Closed. Stop loss hitted.Note
Re-Entered the Trade at 0.97200 level. Previous support on the downtrend as been re-tested and the price could drop, that's my view on this. I still believe in this trade. Good Luck for me :)Note
H&S Pattern on 5 min chart showing possible signs of price reversion.
Note
Trade Closed. Price continue to move higher.
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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.