moa_trading_journal

USDCHF - Determining time for USD Bull right now

Long
FX:USDCHF   U.S. Dollar / Swiss Franc
2020 finally prove to be the time for USD Bear,.. I have been forecasting for a trend change to bullish for several weeks now, but rarely get a proper entry trigger and the price just continue to slowly trickle to the downside especially in this last 2 month that is quite choppy in my view. Will 2021 finally start to favor the bear?? This is a hard question to answer, however one thing that I know is from the technical standpoint it says so,.. and it will be a MASSIVE one.

USDCHF price is now really at the bottom (low value area) of High TF ascending corrective structure. If USD really will get stronger, I see no better time than now to reverse. We close last week with a clear momentum to the upside. I see no other option to make use of this upcoming bullish trend beside from take the long entry as early as possible as it shows any sign of reversal.

I’m now waiting for just one more trigger for the price to confirm the move to the upside and trigger my long entry. I’m expecting the price to form a small bullish continuation structure (H1 or M15 depending on structure). I will take a long entry as the price break the bearish continuation structure.

Lets see how will this pair develop. Good Luck

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Here is the MOA FX technical analysis , please comment below if you have any question.

The ENTRY in the market will be taken only if the condition of the MOA Fx strategy will trigger.
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