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Space-Traderfx
Jul 12, 2021 9:12 AM

USDCHF - bullish bias  Long

U.S. Dollar/Swiss FrancFXCM

Description

HTF- The price has make an impulsive bullish swing since the beginning of June. It is mainly due to the fundamental side of dollar. Price recently is consolidating/having low volatility. I expect the dollar to be strong in the near future with its fundamental side of view.

LTF- Price broke heavily to the downside last Friday and consolidating. It broke the support area but I viewed it as a fake break. With my bullish bias, I expect price will go up.

What to do now?
-Price may continue to rally lower. so, wait!
-Buy when LTF created higher high and higher low.

Trade safe and Good luck traders!

Trade closed manually

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