USDCHF LONG

USDCHF USDCHF has proved to be bearish on lower timeframes ,which was price movement propelling the mitigation of an order block created at price level 0.88500 on the 5th of May 2023 around 3 am SA TIME. Tomorrow the sentiment of the market will prove to be bullish as the Order block will see the end of todays trading day mitigated.

1. The X line on the chart shows an inducement, that needs to be taken out as it will complete the stop hunt movement

2.the trendline drawn will give a confirmation of long opportunities by a breakout and a retest that will be seen on lower timeframes(3/5/15/30 min)

3.Lower timeframes must give POIs at the beginning or in middle of the leg that will give a breakout(order block/fair value gap)

4.The POIs given by the breakout leg will be our entry points upon mitigation as they will be retested before a move upwards

5.If impatient entries can be placed on the top of our Order block at 0.88568
while SL can be placed placed at 0.88193 and profits can be around 0,94619 USDCHF

Trade active:

The bearish order block at 0.88888 that initiates a move downwards towards the bullish order block at 0.88568 ,will be used as as a support level as price will use it as a breaker block, after breaking it to the upwards, it will retest on it then later on propel upwards

Trade active:

Okay traders our inducement level was taken out finishing our stop hunt movement,this cemented the prediction of a 20+ pip movement to the upside. Now we'll await order block mitigation followed by breakout from the trendline