USDCHF moved exactly to what we expected, pretty much like what happened to our analysis of GBPUSD. I hope you managed to make good profit out of it.
in week 10, USDCHF completed its 3 level bullish trend. On Friday, it made a fast reversal, no double top seen on the H1 chart.
The reversal can be seen as a inverted V, and it broke a new level, so we do not need to wait for a second double top. I put it as M as an indication of reversal.
Since it has completed its 3 level of bullish movement, we would be expecting a drop in week 11. Since it has also broke into level 1 of the bearish trend, it further reinforced the bearish trend that we would be seeing in week 11.
USDCHF would be a short for Week 11, and I am excited to see how far it would go.
I hope all traders to continue with a profitable Week 11 ahead. Please share your thoughts below, like and follow me for my weekly analysis on EURUSD , GBPUSD , USDJPY , and USDCHF!
in week 10, USDCHF completed its 3 level bullish trend. On Friday, it made a fast reversal, no double top seen on the H1 chart.
The reversal can be seen as a inverted V, and it broke a new level, so we do not need to wait for a second double top. I put it as M as an indication of reversal.
Since it has completed its 3 level of bullish movement, we would be expecting a drop in week 11. Since it has also broke into level 1 of the bearish trend, it further reinforced the bearish trend that we would be seeing in week 11.
USDCHF would be a short for Week 11, and I am excited to see how far it would go.
I hope all traders to continue with a profitable Week 11 ahead. Please share your thoughts below, like and follow me for my weekly analysis on EURUSD , GBPUSD , USDJPY , and USDCHF!
