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U.S. Dollar / Swiss Franc
Long
Updated

USDCHF is forming TRP

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Hi fellows, USDCHF is forming Trend reversal Pattern on 4HR time frame. Don't buy from current price watch for buy as much lowe as you can for good risk reward ratio. If you remember that GBPAUD or CADCHF then you remember that how to trade on this TRP. Good Luck fellows.
Note
Pay attention at the bottom fellows. If it is not going to break up then watch for bottom. snapshot
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If you dont remember the GBPAUD fellows. Then watch on this post.
GBPAUD Buy as much low as you can
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CADCHF is an other example fellows. snapshot
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Channel is broken very strong move.
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The bullish wave was so strong. Price is at the trend reversal point and testing the trend line Watch for breakout. Buy setup only gonna form for more adding once price leave the trend line and form the TCP out side the Falling wedge.
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DXY, EURUSD, USDCHF Break below will change the pattern
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Watch upper trend line. For any further buy we need TCP. If we dont see TCP then price can fall back in the Pattern again so careful fellows.
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Watch short term trade up to bottom and then look for upside. snapshot
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Buying without valid TCP gonna give you failed breakouts. So always wait for a proper TCP completion and then look for Breakout setups.
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Watch bottom for price action for upside. No early buying it is bearish currently. snapshot
Wave-Trader
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Wave-Trader
For Training visit.
Website wave-trader.com
Website techtradingacademy.com
Slack: wavetraders.slack.com
Telegram: t.me/Wavetraders
X: twitter.com/Wave__Trader
FB: facebook.com/WTimran
Also on:

Related publications

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.