The CHF group is showing that the sellers are here but entries will need to be refined when it comes to the desired area of entry. I would like to see the price return to the trap. Let’s see how this plays out!
The USDCHF chart has been on the uptrend for a while now. And it has seen a break of structure, failing to reach new higher highs. I think new lower lows will be formed. This is what I think. Please comment your thoughts on this.
shooting usdchf confluence 1. structure break and retest 2. 0.618 fib tested 3. lower time frame price action 4. 50 ema rejection
Hi guys. I think USDCHF growth is over and we will see a falling .
Price broke bearish and retraced bullish. I have marked the grey line which would be a 50% retracement of the bearish move. Price has formed bearish divergence and potential to move bearish towards to green line i have marked. Risk exposure - 1% Risk to Reward - 1:2 Happy Trading All.
Double bar reversal pattern from 23.6% Fibonacci retracement level of Q1 2018 high low. Stops at 0.9630 and targets at 0.9430 or so so suffice.