Get started

Twpa

USD/CHF Approaching Key AreaThe chart shows the weekly chart of the USD/CHF currency pair, you can see that prices are sitting right below a very key area of 1.00. Prices have respected this area on the chart before and I am fully expecting the prices to respect this area again. if you zoom out this chart you will see a downtrend that has been in control of the market for a long time now. This is looking ripe for prices to hit the 1.00 area and then shoot down. We will see what happens but I am expecting prices to fall here in the near future.
Short
by Joshua20
3
GBP/USD 4H Short Opportunity FormingThe GBP/USD 4H chart had strong bearish momentum until it hit the 1.56000 level and prices respected this area. Prices stalled and stayed within the blue box on the chart until prices finally broke the support zone at 1.56000. Now that prices have broke through the support zone we can assume that the bearish momentum is going to keep pushing the prices lower. The trade opportunity comes if prices retrace to the broken support turned resistance zone(1.5600 level) and print a bearish price action trade setup. I will be watching this chart closely to see if a trade setup is produced.
by Joshua20