Currently, USDCHF stands in front of important support level which suggests a correction before continuing the downside.
If the market consolidate or showed a down slippage around this level, it's an indicator of a strong bearish direction after then.
To be updated...
If the market consolidate or showed a down slippage around this level, it's an indicator of a strong bearish direction after then.
To be updated...
Comment:
protect your position if the market closed 15m candle above the previous support, specifically it penetrated a downtrend line.
protect your position if the market closed 15m candle above the previous support, specifically it penetrated a downtrend line.
Comment:
If the market didn't find enough bullish momentum, and closed below the previous support area, it's a sell signal with a stop-loss just above the that level.
otherwise, target up-trend with a stop-loss just below the trend-line.
otherwise, target up-trend with a stop-loss just below the trend-line.
Comment:
Comment:
Needless to mention of course that it should show momentum above the minor resistance level
Comment:
But what we actually did in this analysis is trying to catch a key levels that will force the market to follow specific structure which could be used by traders to know what is happening in the market and act accordingly.