CHFSGD W1 & MN ShortGood day traders,
Although we are currently bullish on the lower timeframes, swing traders are looking at the overal out look of the CHFSGD. The CHFSGD has been consolidating between our Support and Resistance levels for a couple of years now. It has recently respected our resistance level creating a possibile bearish trendhike. We saw a bearish confirmation it bounced off a bearish trend line in the previous few months.
We will wait for a slight pullback and sell the CHFSGD down to our support.
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