USDCHF : Falling wedge
Updated
as you can see a falling wedge pattern formed lately and also price had breakout from it + pullback , these situation signaling the trend reversal to us but there is a strong resistance on top of price , if it breaks we could decide what to do. but now we can only trade in a possible trading range formed between support and resistance area in a smaller time frames.
you can also enter long position now and hope the price breaking the resistance and goes higher but note that probability is low , so enter with minimum size if you want and place stop loss 40-50 pips below the price about 0.90400
don't forget to like and leave me any comments, questions or observation , thank you.
you can also enter long position now and hope the price breaking the resistance and goes higher but note that probability is low , so enter with minimum size if you want and place stop loss 40-50 pips below the price about 0.90400
don't forget to like and leave me any comments, questions or observation , thank you.
Note
price had pullback on support area , monitor for candle stick pattern in H1 & H4 and enter long position with good R/R.
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