USDCHF made a strong upwards move in week 6 and only until Thursday and Friday, we see some consolidation going on. It was a good price movement for traders who long this pair. Good profit with minimal risk!
USDCHF moved according to our analysis in week 6, however for week 7, it is a little mixed. In the bullish zone 1, we can see a double top pattern which hints for a reversal. If the market supports it, the trend can turn downwards without USDCHF completing the full trend of the bullish trend.
So for week 7, even though the overview of the pair continues to stay bullish, I would be monitoring the movement before deciding to enter a long or short. Missing the movement is also ok for me as we have 4 pairs to monitor and endless opportunities to trade. So don't feel bad if you miss a trend!
I hope all traders can continue to make good profit in week 7!
If you have any thoughts on USDCHFs movement for the coming weeks, please share them below, I look forward to learning and staying profitable together. Please help me like this analysis, and follow me for my weekly updates!
USDCHF moved according to our analysis in week 6, however for week 7, it is a little mixed. In the bullish zone 1, we can see a double top pattern which hints for a reversal. If the market supports it, the trend can turn downwards without USDCHF completing the full trend of the bullish trend.
So for week 7, even though the overview of the pair continues to stay bullish, I would be monitoring the movement before deciding to enter a long or short. Missing the movement is also ok for me as we have 4 pairs to monitor and endless opportunities to trade. So don't feel bad if you miss a trend!
I hope all traders can continue to make good profit in week 7!
If you have any thoughts on USDCHFs movement for the coming weeks, please share them below, I look forward to learning and staying profitable together. Please help me like this analysis, and follow me for my weekly updates!
