QDX_dsconsole2

USDCHF PROjections week of 8/19

Short
FOREXCOM:USDCHF   U.S. Dollar / Swiss Franc
USDCHF

Potential for trend continuation move after seeing confluent signals including a small reversal candle at the same level as the .382 retracement, which also happens to be at a level of resistance. The aggressive play is to get in soon, or we wait for a few more factors of confirmation such as a close below the recent swing low. If not, and with the stack of relevant structural levels just above, price could pinball for a while before establishing a stable direction.

Check out our website at www.blackorchidfx.com!!

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.