Positive News on USD pushed the market down to a demand zone which is nested in a Daily FVG. M1 CHOCH formed in this zone which gave an opportunity for a quick SCALPING trade. This is occurring within the New York kill zone (High probability).
The market made a massive rally from the WFVG(DFVG) zone as anticipate which was also the dialy tf 61.8fib. This can provide another opportunity for a long swing trade when it retraces down to the POI and form an entry model on M15 or M5. Apply risk management and multiple confluence in your entry.
Watching out for a H1 Bullish CHoCH to form on this pair currently at a Demand Zone and confirmation Entry model at 15m or 5m TF. Intention is to buy to the Supply zone above at 61.8 fib level Apply proper risk management.
Market is currently at a Daily OB H1 Choch formed. Double bottom chart pattern anticipated. Waiting for M5 entry model to form.
Confirm setup with Choch and Asian range; Apply proper risk & trade management.
With a bullish move to the point of interest (POI), the pair will mitigate the FVG and continue its bearish sentiment to the FVG below. We will look for confident entry model to form on lower time frame and sell. Trade with risk management.
The pair is still maintaining the Bullish momentum and currently at a swing low which confluences with the 61.8 fib level, a horizontal support and trend support. If the supply zone above is broken, it could push up to the next resistance zone above.
A Wedge has formed on the pair with overall Bullish tendency, if the break in structure is bearish then the Strong support might be tested again. Alternatively if the break is bullish, then it might be a strong sailing to the resistance zone above. Trade with proper Risk Management.
FUNDAMENTAL ANALYSIS KCS is the token of the Crypto trading platform, KUCOIN this platform is becoming more popular due to the simple user interface their native token started performing well in recent time and there is every indication that it will keep the momentum going let's just say KCS is to BNB as ETH is to BTC with a current market cap of 2Billion...
USDCHF currently bounced off a strong support since 5 Year ago three(3) times on 4H . Reversal candle form. LOOK FOR A GOOD ENTRY TO GO LONG, good luck.
USDCHF currently bounced off the lowest support this this Year three(3) times on 4H . Reversal candle form. LOOK FOR A GOOD ENTRY TO GO LONG, good luck.