USDCHF Analysis (23rd May 2024)
GBPUSD Analysis
On the 1 hour timeframe, price has rejected strongly off the 1.23000 Psychological key level.
Given that the Higher timeframe is still primarily bearish, I am expecting price to retrace to wards the 1 hour Bearish Orderblock before providing a 5/15 minute Change of Character to give us potential Sell opportunities.
However, if price decides to break above the 1 hour Bearish Orderblock, then more than likely price will look to continue to move higher retrace further into a higher orderblock at 1.24430.
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🌍Telegram | t.me/callistofx
📺Youtube | youtube.com/@callistofx
📷Instagram | instagram.com/callisto_fxtrades/
📺Youtube | youtube.com/@callistofx
📷Instagram | instagram.com/callisto_fxtrades/
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.