Descending trend line coincides with key level. Can go for a short opportunity here. Good luck!
FX:USDCHF Buy if price retrace to right shoulder & we can observe a bullish divergence at the right shoulder. Tight SL will do. Target @ 1.0000 Trade At Your Own Risk
SELL 0.992 SL 0.998 TP 0.975
i lost this trade This pair is high volatility, so i need to stay away this pair.
I think it is going to the bottom of Channel bigger sideway! It has potential reversal zone around here. Wait& see . If break down more, I think it is a potential downtrend in bigger timeframe. Short only. no buy.
Im going against the rally of the dollar and bullish bias of this pair looking for a nice retracement short. Rejection on and break back into the previous longer trendline Also we have a BB% trend break wich validates this idea.
Price fall hard from supply forming wave 1, now is in the correction in the channel, expect price to do the 3rd wave to the lower demand.