WHAT IM CURRENTLY LOOKING AT ON USD/CHF
USD/CHF 15M - As you can see price has traded down and into a fractal demand zone since our last piece of analysis, I am wanting to see a relevant break to the upside now to suggest enough Demand has been introduced to flip the S&D balance.
Once we have confirmation of that we can begin looking to go long in the market, its important we wait for this break first though just so we have the confluence and confirmation needed to actually go long.
We will be following the higher timeframe bias, as you can see price has broken structure to the upside on the higher timeframes to the left of current price so we already have the confirmation needed for longer term bullishness.
We are simply waiting for entry confirmation and that as we know would come from the above criteria being met, I will be setting my SL below the low created and our TP can be set at the last higher-time high set in the market.
Once we have confirmation of that we can begin looking to go long in the market, its important we wait for this break first though just so we have the confluence and confirmation needed to actually go long.
We will be following the higher timeframe bias, as you can see price has broken structure to the upside on the higher timeframes to the left of current price so we already have the confirmation needed for longer term bullishness.
We are simply waiting for entry confirmation and that as we know would come from the above criteria being met, I will be setting my SL below the low created and our TP can be set at the last higher-time high set in the market.
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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.