USD/CHF - Weekly OutlookHi all, thank you all for the huge amount of support. My previous post blew up.
Here is a breakdown of the trade Idea I will be looking at for late next week
Long Term - Price is Bearish, making Lower Lows except we did fail to sweep the lowest swing of Liquidity. Price is still respecting the Resistance level. We do see a huge amount of resting Liquidity sitting higher acting as a triple top although I do believe we need to take sell side before making that large push to the upside.
Short Term - Price most recently had moved up away from the previous Demand zone after a solid Price run from the Resistance leaving us a large acting supply with no Mitigated price.
Trade Idea - After the most recent price run I would like price to move back up into the Supply zone also being at 0.91000 being a Key level. Price by then will also be within our OTE zone. Im targeting lower Liquidity to break previous structure after the Internal CHoCH. For added confluence we are under all Long Term EMA's.
Risking 80Pips in return for 270Pips
Good luck to all the traders that decide to follow
Cheers