USDCHF - Wait For The Bears 🐻
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
on Weekly: Left Chart
USDCHF has been trading within a defined range and is presently showing resistance. Consequently, we will be focusing on identifying sell setups on lower timeframes.
on H1: Right Chart
For bearish momentum to prevail and trigger our sell setup, a break below the recently highlighted grayed low is necessary.
Meanwhile, USDCHF would be bullish and can still trade higher to test the weekly resistance again. In this case we will be looking for new sell setups.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
on Weekly: Left Chart
USDCHF has been trading within a defined range and is presently showing resistance. Consequently, we will be focusing on identifying sell setups on lower timeframes.
on H1: Right Chart
For bearish momentum to prevail and trigger our sell setup, a break below the recently highlighted grayed low is necessary.
Meanwhile, USDCHF would be bullish and can still trade higher to test the weekly resistance again. In this case we will be looking for new sell setups.
📚 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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instagram.com/richthesignalyst
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cutt.ly/TickmillReal
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coincall.com/r/thesignalyst
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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