January 2nd USDCHF FX Chart Analysis
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So it took me for sometime to write the analysis.
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I will begin ZeroMarket USDCHF Chart Analysis for January 2nd.
This is USDCAD 30m candle chart for December 31st
It was short position strategy.
The price drastically fell at the long position entry point and blue finger pointer.
The price also went down at the red finger pointer above.
It was about $800 profit based on one contract.
Congratulations.
This is USDHCF 30m candle chart.
For a long term, it is short position trading strategy.
As you can see, there are 30m / 4H parallel resistance line above, and weekly/daily/4H candle chart’s parallel supporting line at the bottom.
For today, we could see rebound at this point.
But for a mid and long term, the downtrend is very strong.
If the price does not go above “smile face” line or 2 parallel lines,
Wait for the trend to lose power and enter short position.
Also, you may check EURUSD and GBPUSD which move the opposite direction.
Today the price might slowly go uptrend. So keep in mind.
Hope you have a good day.
I will come back to you tomorrow.
Thank you.
(Translation
Jae Ho Shin)
