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Pisces_Investments
Jan 27, 2024 4:36 PM

Another Look at UsdChf-Update Long

USD/CHFOANDA

Description

Price has pushed up nicely since my last chart markup. I didn't take the long entry for this opportunity previously but we have another opportunity approaching. Price is consolidating within a wedge. Blue EMA is 200 EMA. Pink average is Anchored VWAP which is serving as support. Looking for a breakout with a higher high created to take advantage of a long position to the goal displayed.

-Supply and Demand: There is a heavier presence of buyers in "demand" vs. sellers in "supply" which supports my bullish bias.



NOTE: This is not trading advice; trade at your own risk.....
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