The CHF in the past week got weak and I won't be placing a long order here unless the candle jumps back into the trend channel. If price breaks the trend channel, I will be looking for a touch on the next support level at 0.68000 and place a long there since that area has only been broken when the pandemic came in hand last March. RSI indicator on 4h timeframe shows tons of room to climb higher. RSI also showing a higher low movement on the 4h timeframe and look at that bullish divergence in the RSI.
1h timeframe shows lower lows on the trend channel and broke it. I suggest not placing a trade this early since the markets are still undecided on which direction to go.
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Ideas posted are not financial advise, but merely used for educational purposes. Past performances do not determine future gains.
A sniper has to wait for the perfect opportunity to take the shot.
1h timeframe shows lower lows on the trend channel and broke it. I suggest not placing a trade this early since the markets are still undecided on which direction to go.
Please follow me on trading view for more ideas on forex.
Ideas posted are not financial advise, but merely used for educational purposes. Past performances do not determine future gains.
A sniper has to wait for the perfect opportunity to take the shot.