USDCHF, Daily perspective (Important caption)
By studying the USDCHF on a daily time frame we can see the price reached the rejection block and had a bullish reaction, then the price created a high on 23 January that is located below the bearish order block which was created on the 0.5 level of Fibonacci.
So we have a liquidity pool formed as an equal high below the bearish order block.
In addition, we can define the important supply zone which formed between 0.705- 0.79 level of Fibonacci.
In both zones, we can search for a sell position in a lower time frame.
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🗓️06/02/2024
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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.