USDCHF - Trend-Following Sell Setup ↘️
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
After rejecting a weekly resistance, USDCHF has been overall bearish trading inside the falling broadening wedge pattern in red, and it is currently approaching around the upper trendline.
Moreover, the zone 0.904 is a resistance zone.
🏹 So the highlighted purple circle is a strong area to look for sell setups as it is the intersection of the blue resistance and upper red trendline.
As per my trading style:
As USDCHF approaches the purple circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
After rejecting a weekly resistance, USDCHF has been overall bearish trading inside the falling broadening wedge pattern in red, and it is currently approaching around the upper trendline.
Moreover, the zone 0.904 is a resistance zone.
🏹 So the highlighted purple circle is a strong area to look for sell setups as it is the intersection of the blue resistance and upper red trendline.
As per my trading style:
As USDCHF approaches the purple circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Trading Made Simple; and Rule-Based
RichTL.com
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RichTL.com
instagram.com/richthesignalyst
Telegram
t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal
Best Crypto Exchange
coincall.com/r/thesignalyst
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