USDCHF week ahead overview
Well formed channel on 4H chart.
3 consecutive bullish weeks for usd/chf
Daily MA shows upside momentum
Pin bar formed around channel low on daily chart , followed by bullish engulfing bar.
We still dont know if the price will rally for new highs , the confirmation we looking for is 4H chart MA cross and start scalping on 15m chart in the way of the trend. If not then price will rally up to the middle of previous high , then we might see consolidation around MA cross , followed by bearish price action and this is where we can take short scalps on 15m chart with high risk/reward ratio.
3 consecutive bullish weeks for usd/chf
Daily MA shows upside momentum
Pin bar formed around channel low on daily chart , followed by bullish engulfing bar.
We still dont know if the price will rally for new highs , the confirmation we looking for is 4H chart MA cross and start scalping on 15m chart in the way of the trend. If not then price will rally up to the middle of previous high , then we might see consolidation around MA cross , followed by bearish price action and this is where we can take short scalps on 15m chart with high risk/reward ratio.
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